- NMDC supplied 481 rakes from Chhattisgarh in Jan’21 against 433 rakes (1.67 mn t) in Dec ‘20
- Movement from Chhattisgarh to state-based steel units moved up 4% to 84 rakes
- Movement for exports decreased by 28%
- Dispatches to RINL up 21% for the month
NMDC has supplied a total of 481 rakes (1.85 mn t) of iron ore from its Chhattisgarh mines in the month of Jan’21, as against 433 rakes (1.67 mn t) a month before, according to railway movement data maintained with SteelMint.
NMDC’s iron ore rake movement from its Chhattisgarh mines to state-based steel units has moved up 4% to 84 rakes (0.32 mn t) in Jan’21 compared to 81 rakes (0.31 mn t) a month ago, as per railway movement data maintained with SteelMint. State based units remained active in preferring NMDC’s DR-CLO over pellets on cost -effectiveness.
NMDC has 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). Price of DR-CLO was at around INR 6,620/t FoR, Royalty & taxes extra. On the other hand, pellet offers in Raipur increased from 12,150-12,450/t (DAP, Raipur) in early Jan’21 to INR 12,450-12,750/t (DAP, Raipur) towards month-end.
NMDC’s supplies to outside state-based units up 20% in Jan’21:
The procurement by outside Chhattisgarh based units picked in Jan’21 to 358 rakes (about 1.37 mn t), against 298 rakes a month ago.
RINL’s total iron ore procurement stood at 192 rakes for the month as against 159 rakes a month ago.
JSW Steel, Dolvi’s procurement from NMDC fell to 63 rakes as compared to 67 rakes in Dec’20. Notably Gujarat based Mono Steel procured five rakes from NMDC CG last month.
Movement for exports decreased by 28% to 39 rakes in Jan’21 against 54 rakes in Dec’20.
NMDC (C.G.) Iron ore rake movement: Jan’21 vs. Dec’20
Each rake carries approximately 3,850 MT iron ore
* Excluding Arcelormittal Nippon Steel India Limited’s movement through slurry pipeline
Source: SteelMint Research, Railways
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