India’s largest iron ore miner -NMDC supplied a total of 354 rakes (1.36 MnT) of iron ore in Jan’19, up 5% on monthly basis, against 336 rakes (1.29 MnT) in Dec’18. Towards beginning of Jan’19, NMDC, Chhattisgarh had reduced the iron ore prices by INR 300-465/MT for Jan’19.
Procurement by C.G. based units increased 14% in Jan’19
Procurement of NMDC iron ore by Chhattisgarh based units increased 14% to 33 rakes in Jan’19 as against being 29 rakes in Dec’18.
KIOCL Increased its procurement from C.G. more than Two-times in Jan’19
The procurement by units outside C.G has witnessed a rise of 8% on monthly basis to 280 rakes in Jan’19 as against 259 rakes in Dec’18.
JSW Steel (Dolvi) sourcing from NMDC recorded at 24 rakes in Jan’19, up 14% as against 21 rakes a month before. RINL procurement from NMDC Bailadila mines dropped marginally on monthly basis to 208 rakes as compared to Dec’18 procurement at 210 rakes.
KIOCL has increased its sourcing sharply in Jan’19 to 24 rakes compared to 11 iron ore rakes from NMDC in Dec’18.
NMDC iron ore exports dropped 15% in Jan’19
NMDC exports of iron ore for the month of Jan’19 witnessed fall of 15% to 41 rakes as compared to 48 rakes a month before.
NMDC (C.G.) Iron ore rake movement: Jan’19 Vs. Dec ’18
| Seller | Buyer | Jan-19 | Dec-18 |
| NMDC(CG) to Chhattisgarh based Plant | SKS Ispat | 5 | 2 |
| Gopani Iron & Power Ltd. | 4 | 1 | |
| Shivalay Ispat & Power Pvt Ltd | 3 | 2 | |
| Jindal Steel & Power Ltd | 3 | 1 | |
| Vaswani Industries | 2 | 1 | |
| Vraj Metaliks Private Limited | 2 | 3 | |
| Monnet Ispat & Energy Ltd | 2 | 3 | |
| Godawari Power & Ispat Ltd. | 2 | 1 | |
| Mahendra Sponge & Power Ltd | 2 | 1 | |
| API Ispat & Power | 1 | 1 | |
| Shri Nakoda Ispat Ltd | 1 | 2 | |
| Shilpy Steels Pvt Ltd | 1 | 1 | |
| Bhagwati Power Steel | 1 | – | |
| Gopal Sponge | 1 | – | |
| Aarti Sponge & Power Ltd | 1 | 1 | |
| Devi Iron & Power Ltd | 1 | – | |
| Real Ispat & Power Ltd | 1 | 1 | |
| Sri Hare Krishna Sponge Iron Ltd | – | 1 | |
| MSP steel & Power Ltd | – | 1 | |
| Hi Tech Power Steel | – | 2 | |
| Nutan Ispat & Power Ltd. | – | 2 | |
| Ghankun Steel Pvt. Ltd. | – | 1 | |
| Agrawal Sponge Ltd. | – | 1 | |
| Total | 33 | 29 | |
| NMDC(C.G.) to Other State | Rastriya Ispat Nigam Ltd | 208 | 210 |
| Kudremukh Iron Ore Company Ltd | 24 | 11 | |
| JSW Steel, Dolvi | 24 | 21 | |
| Welspun Max Steel Ltd | 6 | – | |
| Jindal Steel & Power Ltd | 5 | 1 | |
| Maha Maya | 4 | 5 | |
| Steel Exchange India Ltd | 3 | 7 | |
| Gallant Metal Ltd. | 3 | – | |
| Noble Tech Industries Ltd. | 2 | 1 | |
| Pushpit Steels Pvt. Ltd | 1 | 1 | |
| Nutan Ispat & Power Ltd. | – | 1 | |
| Public | – | 1 | |
| Total | 280 | 259 | |
| Export | 41 | 48 | |
| Grand Total | 354 | 336 | |
Each rake carries approximately 3,850 MT iron ore
* Excluding Essar Steel’s movement through slurry pipeline
Source: SteelMint Research, Railways
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