Indian Ferro-chrome producers went through a difficult time during the lockdown due to shutting down of production, meanwhile, the situation for the miners remained no different, as logistics remained highly disrupted and the dispatches suffered, making the dispatches in Apr 2020 the lowest in three years. However, now the situation is getting back to normalcy.
Major Buyers: IMFA, Visa Steel and FACOR were the three manufacturing units to procure the highest amount of Chrome ore in May. Although the logistics issues were comparatively better than last month, the dispatches were yet on the lower side due to the down-trending market.
Major Sellers: Misirlal Mines, OMC and Tata Steel remained the largest sellers for May. Misrilal mines mostly used the production for their captive requirements.
The Dispatches in the month of May’2020 is as follows:
| Odisha Chrome ore Dispatches in May’20 & April’20 | ||||
| Seller | Buyer | May’20 | April’20 | M-o-M |
| Misirlal Mines | Misirlal Mines | 36,678 | 9,326 | 293.29 |
| Visa Steel | 8,446 | – | NA | |
| FACOR | 1,997 | – | NA | |
| A3 Minerals And Metal Export | 998 | – | NA | |
| Matrix Ferro | 499 | – | NA | |
| Prime Industries | 494 | – | NA | |
| Shreechem Industries | 487 | – | NA | |
| Ganpati Alkalies & Chemicals | 242 | – | NA | |
| Jai Balaji Industries | 144 | – | NA | |
| Misirlal Mines Total | 49,986 | 9,326 | 435.99 | |
| O.M.C. | Visa Steel | 13,068 | – | NA |
| Shyam Metalics & Energy | 7,209 | 1,080 | 567.50 | |
| FACOR | 4,758 | 2,650 | 79.55 | |
| B.C. Mohanty & Sons | 4,161 | – | NA | |
| Tirumala Balaji Alloys | 3,868 | – | NA | |
| Rohit Ferro Tech | 2,253 | – | NA | |
| Surya Alloy Industries | 1,728 | 556 | 210.79 | |
| Steel Authority Of India | 988 | – | NA | |
| Matrix Ferro | 977 | – | NA | |
| IMFA | 840 | – | NA | |
| SAL Steel | 819 | – | NA | |
| Vishnu Chemicals | 786 | – | NA | |
| Sharp Ferro Alloy | 747 | – | NA | |
| ARRK Ferro Alloy | 591 | – | NA | |
| Rashmi Cement | 486 | 1,561 | -68.87 | |
| Chrome Sagar | 399 | – | NA | |
| Nilachakra Industrial Minerals | 297 | – | NA | |
| Indu Raghukul Food & Chemical | 186 | – | NA | |
| Rourkela Minerals | 100 | – | NA | |
| Alchrome Chemical Industries | 91 | – | NA | |
| Ganpati Alkalies & Chemicals | 87 | – | NA | |
| Nifty Chemicals | – | 199 | NA | |
| Jai Balaji Industries | – | 479 | NA | |
| O.M.C. Total | 44,438 | 6,525 | 581.04 | |
| TATA Steel | Nava Bharat Ventures | 13,323 | – | NA |
| Aarti Steels | 8,583 | – | NA | |
| Anand Exports | 3,939 | – | NA | |
| Tirumala Balaji Alloys | 3,565 | – | NA | |
| Jindal Stainless | 3,223 | – | NA | |
| Shyam Metalics & Energy | 3,170 | – | NA | |
| Tata Steel | 300 | – | NA | |
| TATA Steel Total | 36,104 | – | NA | |
| IMFA | IMFA | 26,905 | 3,149 | 754.40 |
| IMFA Total | 26,905 | 3,149 | 754.40 | |
| FACOR | FACOR | 7,437 | 3,560 | 108.90 |
| FACOR Total | 7,437 | 3,560 | 108.90 | |
| Balasore Alloys | Balasore Alloys | 4,570 | 5,667 | -19.36 |
| Balasore Alloys Total | 4,570 | 5,667 | -19.36 | |
| Grand Total | 1,69,440 | 28,226 | 500.30 | |
Source: SteelMint Research
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