Chhattisgarh based Sponge & Steel units had significantly increased their purchases of Iron ore from NMDC in the month of Oct’14.
According to railways data maintained by SteelMint, it is observed that total movement of Iron ore from NMDC’s Baildila mines to CG based units increased by 50%. Whereas, movement from Odisha had fallen by 20% in Oct’14.
It was reported that NMDC dispatched 115 rakes of Iron ore in the month of Oct’14, which increased against 76 rakes in the month of Sep’14. Iron ore supply from Odisha to Chhattisgarh had fallen by 20% M-o-M. Total 132 rakes were supplied in the month of Oct’14 against 165 rakes in Sep’14. Every rake carries approximately 3,850 MT.
Most of the Sponge iron units in Chhattisgarh reported that amid falling Iron ore supply and high prices in Odisha, steel units prefer NMDC ore. Net landed cost of NMDC’s Sponge sized (5-18 mm) lump to Raipur is around INR 7,800- 8,500/MT (including royalty, transporting and crushing charges) against INR 8,500-8,600/MT for almost same grade from Odisha based miners.
“Currently, it is viable to source Iron ore (both lump & fines) from NMDC because of availability and prices. There are hardly any offers from Odisha based miners and whoever is offering, is providing at very high rates,” said a Sponge manufacturer based in Raipur, Chhattisgarh.
NMDC’s Iron Ore Supply through Rakes
|
Chhattisgarh based Plants |
Aug’14 |
Sep’14 |
Oct’14 |
Total |
|
Monnet Ispat & Energy |
7 |
9 |
13 |
29 |
|
Sarda Energy & Minerals |
9 |
9 |
10 |
28 |
|
Shri Bajrang Power & Ispat |
5 |
5 |
10 |
20 |
|
SKS Ispat |
5 |
4 |
9 |
18 |
|
Jayaswal Neco Industries |
2 |
9 |
7 |
18 |
|
Public |
8 |
5 |
3 |
16 |
|
Vandana Global |
1 |
5 |
7 |
13 |
|
Godawari Power & Ispat |
– |
– |
10 |
10 |
|
Shivalay Ispat & Power |
2 |
3 |
4 |
9 |
|
Topworth Steel & Power |
1 |
4 |
3 |
8 |
|
Real Ispat & Power |
3 |
3 |
1 |
7 |
|
Lloyds Steel |
2 |
1 |
3 |
6 |
|
Mahendra Sponge & Power |
2 |
3 |
1 |
6 |
|
Vaswani Industries |
2 |
2 |
1 |
5 |
|
Hi Tech Power Steel |
– |
2 |
3 |
5 |
|
Ghankun Steel |
1 |
1 |
3 |
5 |
|
Shri Nakoda Ispat |
1 |
– |
3 |
4 |
|
Crest Steel & Power |
3 |
1 |
– |
4 |
|
Drolia Electrosteel |
– |
2 |
2 |
4 |
|
API Ispat & Power |
– |
1 |
3 |
4 |
|
Niros Ispat |
– |
1 |
3 |
4 |
|
Gopal Sponge |
– |
1 |
3 |
4 |
|
Rashmi Sponge Iron & Power |
– |
– |
3 |
3 |
|
Bhagwati Power Steel |
1 |
1 |
1 |
3 |
|
Gopani Iron & Power |
– |
1 |
2 |
3 |
|
Sri Hare Krishna Sponge Iron |
3 |
– |
– |
3 |
|
Aarti Sponge & Power |
– |
1 |
2 |
3 |
|
Agrawal Sponge |
– |
1 |
1 |
2 |
|
G.R Sponge & Power |
1 |
– |
1 |
2 |
|
Devi Iron & Power |
– |
– |
1 |
1 |
|
Singhal Interprises |
– |
– |
1 |
1 |
|
Shree Shyam Ispat India |
– |
– |
1 |
1 |
|
Gagan Resources |
– |
1 |
– |
1 |
|
Total |
59 |
76 |
115 |
250 |
Source: SteelMint, Railways
Subscribe to Our Special Report
SteelMint – Iron Ore Railway Movement is a special report on Iron ore carried through railways, which contributes 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
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.
Leave a Reply