India: Odisha Iron Ore Dispatches Picked Up 11% in Dec’19

Odisha- India’s largest iron ore producing state recorded total iron ore dispatches at 9.32 MnT in Dec’19, up 11% on monthly basis as against 8.37 MnT in Nov’19. The figures exclude movement for export and dispatches of miners- SAIL & Tata Steel.

Rungta Mines, India’s largest private merchant miner, recorded iron ore dispatches at 2.75 MnT in Dec’19, up 17% as against 2.34 MnT a month ago.

Serajuddin mine recorded iron ore dispatches at 1.19 MnT in Dec’19, up 4% as against 1.14 MnT in Nov’19. The miner has increased iron ore lump offers on 03 Jan’20 for 5-18 mm (Fe 63%) by INR 600/MT. Miner has raised lump (5-18 mm) prices by INR 1,000/MT in the last one month. Serajuddin mine produces around 10 MnT iron ore annually and has an EC limit of 15.15 MnT p.a.

OMC, state-owned miner recorded 8% increase in dispatches to 1.01 MnT as against 0.94 MnT in Nov’19.

RP Sao, Essel Mining and AMTC depicted sharp rise in monthly dispatches at 0.66 MnT, 0.56 MnT and 0.52 MnT respectively.

Almost all the miners from Odisha increased iron ore fines and lumps offers in the last one month, fines by around INR 600-700/MT and in lumps around 1,000-1100/MT (Ex-mines). If market sources are to be believed, few major miners have already made aggressive bookings in last month as steel mills were actively restocking material ahead Mar’20 lease expiry. Also few mines are heard to have achieved EC limits for this fiscal. Hence, amid tight material availability miners raised offers.

Odisha Iron ore Dispatches in Dec’19 & Nov’19

Quantity in MnT
Excluding movement for export & movement of SAIL and Tata Steel
Provisional Data
Source: Govt. of Odisha