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Press Information Bureau
Government of India
Ministry of Mines
27-April-2012 18:04 IST
Price of Iron Ore

 

 

            Minister of State (Independent Charge) for Mines, Shri Dinsha J. Patel informed Lok Sabha today in a written reply that Prices of iron ore in the country has shown an increase in the last three years. He said that the mining sector, including mining and trade in iron ore, has been liberalized since the year 1993 and prices of iron ore is driven by global market demand and the Government does not administer the prices of iron ore in the country.

            The details, indicating percentage of increase in the prices of iron ore during each of the last three years is given in Annexure

 

DETAILS OF PERCENTAGE OF INCREASE IN THE PRICES OF IRON ORE DURING EACH OF THE LAST THREE YEARS:     

 (per unit price of iron ore in rupees)

 

2008-09

2009-10

% Change 2009-10 over 2008-09

2010-11(P)

% Change 2010-11 over 2009-10

2011-12(P) (Upto Dec)

% Change 2011-12 over 2010-11

Below 60% Fe Lumps

696

922

32

1151

25

1476

28

60% to below 62% Fe Lumps

1361

1004

-26

1629

62

3038

87

62% to below 65% Fe Lumps

1790

1698

-5

2969

75

4539

53

65% Fe and above Lumps

2419

2267

-6

3972

75

5119

29

Below 62% Fe Fines

1258

1289

2

1729

34

1854

7

62% to below 65% Fe Fines

1282

1170

-9

1951

67

2564

31

65% Fe and above Fines

1595

1361

-15

2717

100

2978

10

All Grades

1553

1409

-9

2163

54

2721

26

 

This information was given by the Minister of State for Mines (Independent Charge) Shri Dinsha J. Patel in a written reply to a question in Lok Sabha today.

 

SKS