JSW Steel’s Iron Ore Movement Q4 FY14

SteelMint Introduces Special Report on
“Iron Ore Railway Movement”

JSW Steel, India’s largest private sector steel producer with an annual capacity of 14.3 MnT, is to announce Q4 results on 27 May, 2014. SteelMint tried to find out how company performed in terms of Iron ore supply.

With Iron ore mining in Karnataka reviving at a slow pace, company has been aggressively procuring Iron ore from private miners based in Odisha/Jharkhand and Chhattisgarh (NMDC).

Company’s 100% Iron ore movement is through railways from Odisha, Jharkhand & Chhattisgarh and partial in Karnataka.

JSW Steel rakes movement during Jan-March 2014

One rake carries around 3,850 MT of Iron ore

Odisha/Jharkhand

JSW Steel sourced around 1.2 MnT of Iron ore from Odisha & Jharkhand. Landed cost of Iron ore would be around INR 4,800/MT for Fe 63% Iron fines considering fines prices at around INR 2,500/MT (loaded to wagons, including royalty).

Chhattisgarh

Company sourced around 1 MnT of Iron ore from NMDC, Chhattisgarh in Q4 FY14, which was largely taken to its Salem plant. Landed cost of NMDC’s Iron ore fines would be around NR 5,200-5,400/MT (Fe 64%, including royalty).

Karnataka

JSW Steel bought around 4.36 MnT of Iron ore from Karnataka’s e-auction. Out of which, 1.38 MnT is Iron ore fines, 1 MnT is lumps and 1.98 MnT is ROM (low grade).

W.A- Weighted Average

Qty in MT

Prices in INR/MT, FDT and Royalty of 22% Extra

Subscribe to Our Special Report

SteelMint – Iron ore Railway Movement is a special report on Iron ore carried through railways, which contributes to 80-85% of Iron ore movement in India. In this report we track three zones – South Eastern (SER), South West (SW) & East Coast (Eco). Report is being published on a monthly basis and subscribed by many big steel companies in India and worldwide.

How will it benefit

With the help of this report one can identify quantity of Iron ore moved by any steel plant through railways

• Can estimate steel production
• Can identify states where iron ore is being taken from
• Competitor analysis
• Can track exports of Iron Ore through Railways
• Can track Pellet movement in India through railways

To subscribe to our special report please go through http://www.steelmint.com/Ironore_Railway_Movement.php

For subscription you may contact me (manish.agrawal@steelmint.com) or call me at +91-9575100530

Note: This is a special report; not a part of regular subscription.