India: NMDC’s Chhattisgarh iron ore rake movement up 11% in Jan ’21

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. State based units remained active and preferred NMDC’s DR-CLO over pellets on Cost-effectiveness.

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


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