- Movement from Chhattisgarh to state-based steel units stood at 75 rakes
- Movement for exports decreased by 44%
- Dispatches to RINL down by 7% for the month
NMDC has supplied a total of 458 rakes (1.76 mn t) of iron ore from its Chhattisgarh mines in the month of Feb’21, as against 481 rakes (1.85 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 stood at 75 rakes (0.29 mn t) in Feb’21 compared to 84 rakes (0.32 mn t) a month ago, as per railway movement data maintained with SteelMint. Raipur-based steel mills preferred booking NMDC ore over domestic pellets, due to cost-effectiveness. C-DRI prices rose to INR 28,000/t exw Raipur towards the end Feb’21 as compared to price levels of INR 24,000/t seen in early Feb’21.
NMDC had reduced iron ore prices for Feb’21 on the back of a decline in semi-finished prices seen in Jan’21. The prices of Baila lump and fines reduced by INR 600/t ($8) and that of DR-CLO by INR 700/t ($10). The miner slashed prices after a gap of nine months.
NMDC’s supplies to outside state-based units up marginally in Feb’21: The procurement by outside Chhattisgarh-based units picked slightly in Feb’21 to 361 rakes (about 1.38 mn t), against 358 rakes a month ago.
RINL’s total iron ore procurement dropped 7% to 179 rakes for the month as against 192 rakes a month ago. Sources had reported to SteelMint that owing to subdued steel offtake the company had set a lower liquid steel output for Feb’21 vis a vis 5.49 lakh tonnes in Jan’21.
JSW Steel, Dolvi’s procurement from NMDC increased 17% to 74 rakes as compared to 63 rakes in Jan’21. Gujarat-based Mono Steel procured two rakes from NMDC CG in Feb’21, against 5 rakes in Jan’21.
Movement for exports decreased by 44% to 22 rakes in Feb’21 against 39 rakes in Jan’21.
NMDC (C.G.) Iron ore rake movement: Feb’21 vs. Jan’21
| Seller | Buyer | Feb-21 | Jan-21 |
| NMDC to Chhattisgarh based Plants | Monnet Ispat & Energy Ltd | 8 | 7 |
| Vandana Global Ltd | 2 | 7 | |
| Sarda Energy & Minerals Ltd | 4 | 6 | |
| Jayaswal Neco Industries Ltd | 1 | 6 | |
| Mahendra Sponge & Power Ltd | 3 | 5 | |
| Shri Bajrang Power & Ispat | 3 | 4 | |
| API Ispat & Power | – | 3 | |
| SKS Ispat | 6 | 3 | |
| Sambhv Sponge Power Pvt Ltd | 3 | 3 | |
| Niros Ispat | 4 | 3 | |
| Vaswani Industries | 1 | 2 | |
| GR Sponge & Power Ltd | – | 2 | |
| Rama Udyog Pvt Ltd | – | 2 | |
| Real Ispat & Power Ltd | 1 | 2 | |
| Shri Nakoda Ispat Ltd | 5 | 2 | |
| Drolia Electrosteel Ltd | 1 | 2 | |
| Viraj Metaliks Pvt Ltd | 2 | 2 | |
| Devi Iron & Power Ltd | 1 | 2 | |
| Shilpy Steels Pvt Ltd | 1 | 2 | |
| PD Industry Ltd | 1 | 2 | |
| Nutan Ispat & Power Ltd | – | 2 | |
| Ghankun Steel Pvt Ltd | – | 1 | |
| Sri Hare Krishna Sponge Iron Ltd | – | 1 | |
| Singhal Interprises Pvt Ltd | – | 1 | |
| Basudev Trade Link | – | 1 | |
| NR Ispat & Power Pvt Ltd | 2 | 1 | |
| Jindal Steel & Power Ltd | 2 | 1 | |
| Godawari Power & Ispat Ltd | – | 1 | |
| MahaMaya Sponge | – | 1 | |
| Gopal Sponge | 1 | 1 | |
| Shivalay Ispat & Power Pvt Ltd | 3 | 1 | |
| Sunil Sponge | – | 1 | |
| Shree Rupanadham Steel Pvt Ltd | – | 1 | |
| Aarti Sponge & Power Ltd | 2 | 1 | |
| Phil Ispat | – | 1 | |
| Shree Sita Ispat & Power Pvt Ltd | 1 | 1 | |
| Bhagwati Power Steel | 2 | – | |
| Agrawal Sponge Ltd | 1 | – | |
| Hi Tech Power Steel | 4 | – | |
| Prakash Industries Ltd | 10 | – | |
| Total | 75 | 84 | |
| NMDC to Other States | Rastriya Ispat Nigam Ltd | 179 | 192 |
| Kudremukh Iron Ore Company Ltd | 70 | 63 | |
| JSW Steel, Dolvi | 74 | 63 | |
| Steel Exchange India Ltd | 7 | 10 | |
| Mono Steel India Limited | 2 | 5 | |
| Welspun Max Steel Ltd | 4 | 4 | |
| Gallant Ispat | 4 | 3 | |
| Sunflag Iron & Steel Company Ltd | 5 | 3 | |
| Maa Maha Maya | 5 | 3 | |
| Aloke Steels Industries Pvt Ltd | 2 | 2 | |
| Noble Tech Industries Ltd | 1 | 2 | |
| Ramgarh Sponge Iron | – | 1 | |
| Gopani Iron & Power Ltd | 1 | 1 | |
| Jai Balaji Industries Ltd | – | 1 | |
| Shal Alloys Ltd Steel | – | 1 | |
| Pushpit Steels Pvt Ltd | 1 | 1 | |
| Sanvijay Alloys And Power Limited | 1 | – | |
| Shree Sidhbali Ispat Ltd | 1 | – | |
| MPL Steel Industries Pvt. Ltd | 1 | – | |
| Others | 3 | 3 | |
| Total | 361 | 358 | |
| Export | 22 | 39 | |
| Grand Total | 458 | 481 | |
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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