As per SteelMint’s analysis, iron ore movement across major producing states of the country was recorded at 11.49 MnT in May’17 which was at 10.66 MnT in Apr’17. The figures are compiled on the basis of movements made via railways, trucks, Karnataka and Goa e-auction data and import data as per customs. The figures indicated do not include the captive iron ore movement of SAIL & Tata Steel and movement for exports.
State-wise iron ore movement analysis:
Iron ore dispatches from Odisha Up 10% M-o-M in May’17 – Compared with the previous month Odisha iron ore dispatches increased by 10% M-o-M from 5.82 MnT in Apr’17 to 6.41 MnT in May’17. Among Odisha’s merchant iron ore miners – Rungta Mines dispatched highest quantity of ore followed by Serajuddin Mines and KJS Ahluwalia. Iron ore dispatch by Odisha based merchant mines grew by 9% in May’17 and was recorded at 6.17 MnT against 5.66 MnT in Apr’17.
Chhattisgarh iron ore movement down 11% at 1.59 MnT – Iron ore movement from Chhattisgarh fell from 1.79 MnT in Apr’17 to 1.59 MnT in May’17. NMDC in total supplied 317 rakes of iron ore from its Bailadila mines in Chhattisgarh last month against 340 rakes in Apr’17. Thus NMDC’s iron ore supply from Bailadila mines has gone down by 11% M-o-M in May’17.
Karnataka iron ore e-auction sales at 2.32 MnT in May’17 – Iron ore sales via Karnataka e-auctions stood at 2.32 MnT in May’17 up 14% M-o-M. NMDC sold 1.09 MnT iron ore via e-auctions. JSW Steel remained the largest buyer at 1.74 MnT followed by BMM Ispat.
Indian iron ore imports increased in May’17 – India imported 0.39 MnT iron ore in May’17 compared to 0.28 MnT in previous month. JSW Steel was the largest importer in May’17 at 0.17 MnT followed by Essar Steel at 0.11 MnT. Pellet imports to India remained nil in May’17.
Exports: Iron ore down but pellets up from India in May’17 – Indian iron ore exports moved down and stood at 1.92 MnT in May’17, down 37% M-o-M. Vedanta was the largest exporter at 0.84 MnT followed by Fomento Resources and NMDC. Indian pellet exports which were recorded at 0.49 MnT in Apr’17 increased to 0.55 MnT in May’17. BRPL was the largest exporter with 0.16 MnT pellets followed by JSPL with the quantity of 0.15 MnT.
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