Essar Steel: Iron Ore Sourcing Up 6% M-o-M in May’17

Essar Steel – an integrated steelmaker with steel making capacity of 10 MnT pa increased its iron ore sourcing by 6% M-o-M in May’17. The company sourced 1.10 MnT iron ore in May’17 against 1.04 MnT iron ore in May’17.

In the month of May’17, the steel maker has imported 0.11 MnT iron ore from Brazil.

Iron ore procurement from NMDC (C.G.) down by 1% M-o-M – Essar Steel procured 0.64 MnT iron ore from NMDC’s Bailadila mines in Chhattisgarh in May’17 against 0.65 MnT in Apr’17.

Sourcing from Odisha’s merchant mines down in May’17 – Essar Steel sourced 0.35 MnT iron ore from Odisha’s merchant mines in May’17 compared to 0.39 MnT in Apr’17. Out of 0.35 MnT iron ore sourced from Odisha in May’17, largest share was of KJS Ahluwalia Mines (0.18 MnT) followed by Indrani Patnaik mines (0.06 MnT) and Serajuddin mines at 0.05 MnT.

Essar Steel’s iron ore & pellet sourcing: May’17 Vs Apr’17

Qty in MT
Provisional data
Source: SteelMint Research, Customs, Odisha govt.

Essar Steel’s pellet exports Down sharply in May’17 – Essar Steel exported 0.07 MnT pellets from Paradip port in May’17 against 0.16 MnT in Apr’17. All the pellet export shipments observed in May’17 were directed to Japan.