- Iron ore sourcing of Chhattisgarh based sponge units fell by 30% M-o-M
- Gujarat based steel maker – Gallant Metal started sourcing iron ore amid costly imports
- KIOCL resumed purchases after 20 months in Aug’16
- JSW Steel sourced 48 rakes in Aug’16 against 65 rakes in Jul’16
NMDC supplied 238 rakes of iron ore from its Bailadila mines in Chhattisgarh last month compared to 271 rakes in Jul’16. Thus, 12% M-o-M fall can be noticed in its iron ore supply.
Iron ore sourcing from Chhattisgarh based units fell significantly by 30% M-o-M in Aug’16. Chhattisgarh based sponge iron units procured 37 rakes in Aug’16 from NMDC (C.G.) compared to 53 rakes in Jul’16.
Sourcing fell by 11% M-o-M of outside Chhattisgarh based units as they procured 165 rakes in Aug’16 compared to 185 rakes in Jul’16.
West coast based steel maker – Gallant Metal started sourcing iron ore from NMDC (C.G.) in Aug’16 over costly imported lump offers. SteelMint heard from its market sources that the steel maker has booked 12 rakes of Baila lump and DR-CLO.
Mangalore based pellet maker and exporter – KIOCL resumed iron ore purchases from NMDC (C.G.) after a long span of 20 months since Dec’14. It procured nine rakes of Baila fines in the month of Aug’16. According to the trade sources, the procured material will be utilized for its upcoming pellet export shipment.
JSW Steel procured 48 rakes from NMDC (C.G.) in Aug’16, out of which 46 rakes were for its Dolvi plant while the remaining two were for its Vijayanagar plant.
Iron ore sourcing of Vizag Steel declined by 18% M-o-M and it procured 84 rakes in Aug’16. Essar Steel procured two rakes of iron ore in Aug’16 in contrast to five rakes in Jul’16.
Rake movement for export remained stable on monthly premises and the miner loaded 36 rakes in Aug’16 against 33 rakes in Jul’16.
NMDC (C.G.) iron ore rake movement : Aug’16 vs Jul’16
|
Movement |
Aug-16 |
Jul-16 |
|
| *NMDC(CG) to Chhattisgarh based Plant | SKS Ispat | 4 | 8 |
| API Ispat & Power | 3 | 3 | |
| Niros Ispat | 2 | 2 | |
| Mahendra Sponge & Power Ltd | 2 | 2 | |
| Vaswani Industries | 2 | 2 | |
| Bhagwati Power Steel | 2 | – | |
| Shri Nakoda Ispat Ltd | 2 | 5 | |
| Ghankun Steel Pvt. Ltd. | 2 | 2 | |
| Vandana Global Ltd | 2 | 3 | |
| Gopal Sponge | 2 | 2 | |
| Aarti Sponge & Power Ltd | 2 | 1 | |
| Hi Tech Power Steel | 1 | 1 | |
| N R Sponge | 1 | 2 | |
| Sri Hare Krishna Sponge Iron Ltd | 1 | – | |
| Drolia Electrosteel Ltd | 1 | 1 | |
| Shivalay Ispat & Power Pvt Ltd | 1 | 4 | |
| Nutan Ispat & Power Ltd. | 1 | – | |
| Gagan Resources Pvt Ltd | 1 | 1 | |
| Raipur Power & Steel | 1 | 1 | |
| Agrawal Sponge Ltd. | 1 | 1 | |
| Rashmi Sponge Iron & Power Ltd | 1 | 2 | |
| Real Ispat & Power Ltd | 1 | 2 | |
| Monnet Ispat & Energy Ltd | 1 | 2 | |
| G.R.Sponge & Power Ltd. | – | 1 | |
| Gopani Iron & Power Ltd. | – | 1 | |
| Crest Steel & Power Ltd. | – | 1 | |
| Shilpy Steels Pvt Ltd | – | 2 | |
| Topworth Steel & Power Pvt Ltd | – | 1 | |
| Total | 37 | 53 | |
| *NMDC(CG) to Other State | Rastriya Ispat Nigam Ltd | 84 | 102 |
| JSW Steel, Dolvi | 46 | 65 | |
| Public | 9 | 1 | |
| Kudremukh Iron Ore Company Ltd | 9 | – | |
| Steel Exchange India Ltd | 4 | 6 | |
| Maha Maya | 3 | 5 | |
| Gallant Metal | 3 | – | |
| Sunflag Iron & Steel Company Ltd | 2 | – | |
| JSW Steel, Vijayanagar | 2 | – | |
| Essar Steel | 2 | 5 | |
| Godawari Power & Ispat Ltd. | 1 | – | |
| Gopani Iron & Power Ltd. | – | 1 | |
| Total | 165 | 185 | |
| Export | 36 | 33 | |
| Grand Total | 238 | 271 | |
Each rake carries approximately 3,850 MT iron ore
Excluding Essar Steel’s movement through slurry pipeline
Source: SteelMint Research, Railways
Note: Owing to some technical difficulties, data for 30th & 31st Aug’16 is not available.
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