India’s largest iron ore producer – NMDC’s total iron ore sales for the month of Jan’21 was recorded at 3.74 mn t, up marginally against 3.62 mn t in Dec’20. On a yearly basis, sales picked up by 26% compared to 2.96 mn t in Jan’20.
Chhattisgarh mines contributed 3.05 mn t for the month (up 6% m-o-m) while Karnataka mines contributed 0.69 mn t (down 5% on monthly basis).
NMDC had raised prices for Jan’21. The price of Baila lump has increased by INR 500/t ($7), DR-CLO by INR 580/t ($8), and that of fines by INR 200/t ($3).
The total iron ore sales for FY’21 (Apr-Jan) stands at 26.01 mn t, as compared to 26 mn t in FY’20 (Apr-Jan).
Iron ore production stable in Jan’21
NMDC iron ore production stood stable on monthly basis at 3.86 mn t for Jan’21. Output picked 17% on a yearly basis compared to 3.31 mn t in Jan’20.
NMDC iron ore production for FY’21 (Apr-Jan’21) fell to 25.66 mn t as against 25.89 mn t for FY’20 (Apr-Jan’20).
NMDC iron ore production and sales
Source-: BSE filings, SteelMint Research
Qty in mn t
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