1. Other State units reduced iron ore sourcing for the third month in row
2. 44% hike in procurement by Chhattisgarh based units
3. Movement for exports down 36% M-o-M
India’s largest iron ore miner – NMDC in total supplied 253 rakes from its Bailadila mines in Chhattisgarh last month against 275 rakes in Jun’17. The NMDC’s iron ore supply from Bailadila mines has gone down by 8% M-o-M in Jul’17. In the month of Jul’17, the miner had cut prices up to 9%.
Outside C.G. based units reduced iron ore sourcing by 6% – Iron ore procurement of outside C.G. based units decreased 6% M-o-M to 178 rakes in Jul’17 against 189 rakes in Jun’17. RINL (Vizag Steel) sourced 79 iron ore rakes in Jul’17 against 128 rakes in Jun’17. JSW Steel’s iron ore procurement from NMDC dropped from 42 rakes in Jun’17 to 31 rakes in Jul’17.
Southern India based pellet maker – KIOCL sourced 58 rakes from NMDC (C.G.) last month compared to 15 rakes in Jun’17.
C.G. based sponge units iron ore sourcing up by 44% in Jul’17 – C.G. based sponge iron units sourced 36 rakes from NMDC (C.G.) in Jul’17 compared to 25 rakes in Jun’17. It is to be noted that C.G. based units procure 60 to 70 rakes on an average in a month from NMDC. Sponge prices have been up around INR 400-800/MT in Jul’17 due to the scarcity and higher prices of raw material like coking coal which resulted in lowered production.
Movement for exports decreased in Jul’17 – NMDC loaded 39 rakes for export in Jul’17 compared to 61 rakes in Jun’17.
NMDC iron ore rake movement: July’17 Vs Jun’17
|
Seller |
Buyer |
July -17 |
June-17 |
|
NMDC(CG) to Chhattisgarh based Plant |
SKS Ispat |
7 |
4 |
| Shivalay Ispat & Power Pvt Ltd |
3 |
2 |
|
| Real Ispat & Power Ltd |
2 |
– |
|
| Mahendra Sponge & Power Ltd |
2 |
– |
|
| Drolia Electrosteel Ltd |
2 |
– |
|
| Shilpy Steels Pvt Ltd |
2 |
– |
|
| Ghankun Steel Pvt. Ltd. |
2 |
2 |
|
| API Ispat & Power |
2 |
1 |
|
| Shri Nakoda Ispat Ltd |
2 |
1 |
|
| Gopal Sponge |
2 |
3 |
|
| Monnet Ispat & Energy Ltd |
2 |
– |
|
| Sunil Sponge |
1 |
1 |
|
| Shri Bajrang Power & Ispat |
1 |
– |
|
| Vaswani Industries |
1 |
1 |
|
| Nutan Ispat & Power Ltd. |
1 |
1 |
|
| Gagan Resources Pvt Ltd |
1 |
– |
|
| Rashmi Sponge Iron & Power Ltd |
1 |
1 |
|
| Bhagwati Power Steel |
1 |
1 |
|
| Aarti Sponge & Power Ltd |
1 |
1 |
|
| Hi Tech Power Steel |
– |
1 |
|
| Raipur Power & Steel |
– |
1 |
|
| Gopani Iron & Power Ltd. |
– |
3 |
|
| Agrawal Sponge Ltd. |
– |
1 |
|
| Total |
36 |
25 |
|
|
NMDC(C.G.) to Other State |
Rastriya Ispat Nigam Ltd |
79 |
128 |
| Kudremukh Iron Ore Company Ltd |
58 |
15 |
|
| JSW Steel, Dolvi |
31 |
42 |
|
| Steel Exchange India Ltd |
5 |
– |
|
| Maha Maya |
3 |
3 |
|
| Welspun Steel Ltd |
1 |
– |
|
| Public |
1 |
1 |
|
| Total |
178 |
189 |
|
| Export |
39 |
61 |
|
| Grand Total |
253 |
275 |
|
Each rake carries approximately 3,850 MT iron ore
Essar Steel’s movement through slurry pipeline excluded
Source: SteelMint Research, Railways
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