27 Apr 2012

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) (UptoDec)
% 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.

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