FACTORS EFFECTING SPONGE IRON PRICES

1. Significant Increase Iron Ore / Pellet Prices – . In Raipur pellet offers have increased further significantly and hit 6 years high. Current Pellet rate is at INR 10000MT (basic, GST extra) in a month’s time prices have climbed by INR 3,500/MT. almost 50% increase in pellet cost   Factors Affecting  Pellet Prices - 1. Limited offers in merchant market: Central India based major pellet makers like Godawari Power & Ispat are still not offering owing to decent export bookings made, led to the material shortage in the merchant market. Other pellet makers are offering limited quantities in the merchant market. Eastern India based major pellet makers like JSPL, Arya Iron & Steel, BRPL are also not offering in merchant market on limited material availability. 2. Price hike by Odisha based merchant miners: Odisha based merchant miners had increased prices by INR 1100-1200 /MT. This has made Odisha iron ore prices to hover close to 6 years high. 3. NMDC (C.G) iron ore price hikes: National Mineral Development Corporation (NMDC)...
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FROM THE DESK OF CEO

M/s. Lloyds Metals & Energy Limited, Ghugus a prestigious sponge iron manufacturer in Vidharbha region possesses an impressive footprint and rich experience in manufacturing, mining and technology in arena of metal industries. We are one of the biggest customers of domestic coal from Coal India Limited in the territorial circumference of Western Coal Field, Indian Railways, and a considerable user of road transport network services for inward and outward movement of raw material and finish products. We are having a significant presence in the market of metals and power as well as providing ever being solution to make our customer delighted. As I’m the CEO of the organization with my dedicated team committed to the company to the most profitable business unit through process innovation, accelerated product development & innovation working capital management. The asset is currently running at full capacity with high employee engagement & customer focused activities. I am pleased with the growth in volume this second quarter at our...
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