Steel major Arcelor Mittal Nippon Steel India (AM/NS India) recorded total iron ore and pellet sourcing at 1.22* million tonnes (mn t) in Nov’21, witnessing an increase of 14%, m-o-m, as against 1.07 mn t in Oct’21.
The company’s captive iron ore sourcing from Odisha was recorded at 364,939 tonnes (t) in Nov’21 as against 371,850 t in Oct’21, marginally down 2% m-o-m.
Iron ore procurement from NMDC (Chhattisgarh) rises in Nov’21: The steelmaker procured 807,000 t of iron ore in Nov’21 from NMDC’s Bailadila mines (Chhattisgarh) via slurry pipeline, against 697,000 t in Oct’21, a significant rise of 16% m-o-m.
Sourcing from Odisha merchant mines up in Nov’21: The company sourced 52,193 t of iron ore from Odisha’s merchant mines in Nov’21 as against only 3,042 t in the previous month.
Out of the total iron ore sourced from Odisha’s merchant mines in Nov’21, the maximum quantity was contributed by Rungta Mines at 30,036 t followed by MGM Minerals and MG Mohanty at 20,157 t and 2,000 t, respectively.
Along with this, the company recorded nil imports for the month, according to customs data maintained with SteelMint.
AM/NS iron ore sourcing in Nov’21 and Oct’21
Outlook
The miner’s iron ore sourcing is likely to remain supported as it had announced the commissioning of its second pellet plant with a capacity of 6 million tonnes per annum (mntpa) at Paradip, Odisha. The plant doubled production capacity to 12 mn t, making it the largest single-location pelletisation complex in the country. With this, AM/NS India’s national pelletisation capacity rose to 20 mntpa. Also, the company has concluded a couple of pellet export shipments in the past couple of weeks which may keep iron ore requirement supported.
*Correction: Nov’21 figures have been corrected to 1.22 mnt which was earlier mentioned as 1.07 mn t
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