July 16th (Steel Guru) – It is reported that, amid strong demand, due to supply side constraints, domestic spot prices for iron ore would go up from today by 6% to 7%.
| Product | Grade | Size | 14-Jul | 15-Jul | Change | % |
| Iron ore – BF | Fe 65% | 10-40 | 5500 | 5900 | 400 | 7.3% |
| Iron ore – Sponge | Fe 63% | 5-18 | 6600 | 7000 | 400 | 6.1% |
1. Rates are in INR per tonne
2. Rates are Ex mines but include loading into rakes
3. VAT or CST is in addition
4. Royalty is INR 19 per tonne for Fe content of 63% and INR 27 per tonne for Fe content of 65%
The price trend for last one month has been as under
| Product | Grade | Size | 23-Jun | 1-Jul | 15-Jul |
| Iron ore – BF | Fe 65% | 10-40 | 5000 | 5500 | 5900 |
| Iron ore – Sponge | Fe 63% | 5-18 | 6100 | 6600 | 7000 |
Change over last 1 month has been 15% to 20%
| Product | Grade | Size | Change | % |
| Iron ore – BF | Fe 65% | 10-40 | 900 | 18.0% |
| Iron ore – Sponge | Fe 63% | 5-18 | 900 | 14.8% |
