SteelMint Introduces Special Report on
“Iron Ore Railway Movement”
Chhattisgarh (C.G.) based Sponge iron manufacturers have raised their purchases of Iron ore from NMDC by 35% in the month of June, 2014 owing to restricted supply from Odisha (after Supreme Court’s directive on 16th May 2014). Number of rakes loaded from NMDC to CG based sponge units in the month of June stood at 85 against 63 in May, 2014.
Sources close to this matter mentioned that buying interest from CG based manufacturers have increased as most of the merchant mines are closed in Odisha since May 17, 2014.
Chhattisgarh is one of the largest Sponge making state in the country with an installed capacity of about 9 MnT.
NMDC Supply of Iron Ore to Chhattisgarh based Sponge Units/Crushers
|
Name of Consignee |
May’14 |
Jun’14 |
Total |
|
Public Siding* |
18 |
15 |
33 |
|
Monnet Ispat & Energy |
7 |
10 |
17 |
|
SKS Ispat |
4 |
11 |
15 |
|
Sarda Energy & Minerals |
4 |
8 |
12 |
|
Vandana Global |
3 |
8 |
11 |
|
Shri Bajrang Power & Ispat |
2 |
6 |
8 |
|
Mahendra Sponge & Power |
4 |
2 |
6 |
|
Godawari Power & Ispat |
3 |
3 |
6 |
|
Drolia Electrosteel |
3 |
2 |
5 |
|
Real Ispat & Power |
1 |
4 |
5 |
|
Topworth Steel &Power & Heg |
1 |
3 |
4 |
|
Ghankun Steel |
2 |
2 |
4 |
|
Topworth Steel & Power |
3 |
– |
3 |
|
Hi Tech Power Steel |
– |
3 |
3 |
|
Vaswani Industries |
3 |
– |
3 |
|
Crest Steel & Power |
1 |
2 |
3 |
|
Lloyds Steel |
– |
2 |
2 |
|
Niros Ispat |
1 |
1 |
2 |
|
Jayaswal Neco Industries |
– |
1 |
1 |
|
Shri Nakoda Ispat |
1 |
– |
1 |
|
Gopani Iron And Power |
– |
1 |
1 |
|
Sri Hare Krishna Sponge Iron |
– |
1 |
1 |
|
Rashmi sponge Iron & Power |
1 |
– |
1 |
|
Navbharat Fuses Co. |
1 |
– |
1 |
|
Total |
63 |
85 |
148 |
* Consignor name not disclosed
One rake carries around 3,850 MT of Iron ore
“It is tough to source Iron ore from Odisha, as most of the merchant miners are non- operational and the operational ones are overbooked. We either have to rely on Iron pellets or ore from NMDC. Net landed cost of CLO from NMDC’s Chhattisgarh mine will cost us around INR 8,800/MT, however from Odisha it will cost us INR 8,200-8,300/MT and Pellets will cost INR 8,900/MT,” said a Sponge iron manufacturer based in Raipur.
NMDC’s Iron ore production stood at about 7.5 MnT in Q1 FY15.
Subscribe to Our Special Report
SteelMint – Iron ore Railway Movement is a special report on Iron ore carried through railways, which contributes to 80-85% of Iron ore movement in India. In this report we track three zones – South Eastern (SER), South West (SW) & East Coast (Eco). Report is being published on a monthly basis and subscribed by many big steel companies in India and worldwide.
How will it benefit
With the help of this report one can identify quantity of Iron ore moved by any steel plant through railways
- Can estimate steel production
- Can identify states where iron ore is being taken from
- Competitor analysis
- Can track exports of Iron Ore through Railways
- Can track Pellet movement in India through railways
To subscribe to our special report please go through http://www.steelmint.com/Ironore_Railway_Movement.php
For subscription you may contact me (manish.agrawal@steelmint.com) or call me at +91-9575100530
Note: This is a special report; not a part of regular subscription.
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