With the impending gradual shift form benchmark pricing based long term contracts to spot cargos, it has become more vital for both sellers as well as buyers to precisely monitor the daily movements of iron ore spot prices to keep tab on trends and spot opportunities.
This has galvanized us to start reporting domestic prices of iron ore at Barbil & Bellary and export prices on FOB East Coast basis.
The details of grades and location are as under
1. Export prices on FOB basis East Coast of India
| Product | Grade |
| Iron Ore Fines | Fe 63.5/63% |
| Iron Ore Fines | Fe 63.5/62.5% |
| Iron Ore Fines | Fe 63/62 % |
| Iron Ore Fines | Fe 62 / 61% |
| Iron Ore Fines | Fe 61 / 60 % |
| Iron Ore Fines | Fe 60/59 % |
| Iron Ore Fines | Fe 59 / 58 % |
| Iron Ore Fines | Fe 58 / 57% |
2. Domestic spot prices at Burbil in Orissa
| Product | Grade | Size |
| Iron ore - BF | Fe 65% | 10-40 |
| IOS-Primary | Fe 63% | 5-18 |
| IOS - Secondary | BF | |
| Iron ore - Fines | Fe 63% | Fines |
3. Domestic spot prices at Bellary in Karnataka
| Product | Grade | Size |
| Iron Ore Calibrate | Fe 65% | 10-40 |
| Iron Ore Calibrate | Fe 64% | 10-40 |
| Iron Ore Calibrate | Fe 62% | 10-40 |
| Iron Ore Calibrate | Fe 60% | 5-20 |
| Iron Ore Calibrate | Fe 62% | 5-20 |
| Iron ore - Fines | Fe 63% | Fines |
Domestic iron ore spot pricing information updated 5 days a week whereas export spot prices FOB East Coast as and when they change
The yearly subscription charges are USD 600 or INR 30,000 plus service tax (For Indian clients) for 12 months of service for one user and USD 100 or INR 5,000 for every additional user.
To avail this service you can make registration at www.steelprices-india.com or send a mail for getting invoice at admin@steelprices-india.com with contact details or call us by phone at 0124-4048993. We would be happy to reply to your queries, if any.