1. C.G. based units procured 57 rakes in Nov’17, up 36% M-o-M
2. JSW Steel’s sourcing from NMDC fell sharply in Nov’17
3. Movement for exports declined by 13% M-o-M
India’s largest iron ore miner, NMDC supplied 204 rakes of iron ore from Chhattisgarh mines in Nov’17, an increase of 6% as against supply in Oct’17 which stood at 192 rakes. The miner had kept iron ore prices unchanged in Nov’17.
C.G. based units procurement increased by 36% in Nov’17: There was a marked increase in procurement of NMDC iron ore by 36% from 42 rakes in Oct’17 to 57 rakes in Nov’17. Limited supply and improved demand resulted in sharp hike in central India sponge iron prices. Monthly average C-DRI (80 FeM) prices in Raipur increased and stood at INR 18,430/MT in Nov’17 compared to INR 16,900/MT in Oct’17.
Procurement by outside C.G based units remained stable: The procurement by outside C.G. based units in Nov’17 maintained at 126 rakes, similar to that of Oct’17. After the K-K railway line was damaged in the rains in October’17, Vizag Steel has been facing difficulty in sourcing iron ore from NMDC’s mines. Owing to this, the Rayagada-Vizianagaram route is the only available option for RINL to procure material from Bailadila mines. The steel maker procured 84 rakes in Nov’17 as against 79 rakes in Oct’17.
JSW Steel, Dolvi procured only 9 rakes from NMDC in Nov’17 against 17 in previous month. KIOCL’s iron ore procurement from NMDC remained almost stable on monthly premises.
Movement for Exports decreased by 13%: NMDC’s exports decreased by 13% in Nov’17 to 21 rakes as against 24 rakes in Oct’17.
NMDC (C.G) Iron ore rake movement: Nov’17 Vs Oct’17
|
Seller |
Buyer | Nov-17 |
Oct-17 |
| NMDC(CG) to Chhattisgarh based Plant | API Ispat & Power | 5 | 4 |
| SKS Ispat | 4 | 5 | |
| Nutan Ispat & Power Ltd. | 4 | 2 | |
| Monnet Ispat & Energy Ltd | 4 | 1 | |
| Shivalay Ispat & Power Pvt Ltd | 3 | 3 | |
| Ghankun Steel Pvt. Ltd. | 3 | 2 | |
| Shri Nakoda Ispat Ltd | 3 | 2 | |
| Hi Tech Power Steel | 3 | – | |
| Rashmi Sponge Iron & Power Ltd | 3 | – | |
| Aarti Sponge & Power Ltd | 3 | 2 | |
| Gopal Sponge | 2 | 2 | |
| Devi Iron & Power Ltd | 2 | 3 | |
| Gopani Iron & Power Ltd. | 2 | 3 | |
| Drolia Electrosteel Ltd | 2 | 1 | |
| Bhagwati Power Steel | 2 | 2 | |
| Real Ispat & Power Ltd | 2 | 2 | |
| Sri Hare Krishna Sponge Iron Ltd | 1 | – | |
| Rama Udyog Pvt Ltd | 1 | 1 | |
| Shree Sita Ispat & Power Pvt. Ltd. | 1 | – | |
| Mahendra Sponge & Power Ltd | 1 | 2 | |
| Vandana Global Ltd | 1 | 1 | |
| Gagan Resources Pvt Ltd | 1 | – | |
| Sunil Sponge | 1 | 1 | |
| Shree Shyam Sponge & Power Ltd | 1 | – | |
| Shilpy Steels Pvt Ltd | 1 | 1 | |
| Navbharat Fuses Co. Ltd. | 1 | – | |
| Phil Ispat | – | 1 | |
| Khetan Sponge And Infrastructure Pvt Ltd | – | 1 | |
| Total | 57 | 42 | |
| NMDC(C.G.) to Other State | Rastriya Ispat Nigam Ltd | 84 | 79 |
| Kudremukh Iron Ore Company Ltd | 23 | 22 | |
| JSW Steel, Dolvi | 9 | 17 | |
| NMDC | 4 | – | |
| Maha Maya | 3 | 2 | |
| Sunflag Iron & Steel Company Ltd | 2 | – | |
| Jai Balaji Industries Ltd | 1 | – | |
| Welspun Max Steel Ltd | – | 2 | |
| Noble Tech Industries Ltd. | – | 2 | |
| Steel Exchange India Ltd | – | 1 | |
| Gallant Metal Ltd. | – | 1 | |
| Total | 126 | 126 | |
| Export | 21 | 24 | |
| Grand Total | 204 | 192 | |
Each rake carries approximately 3,850 MT iron ore
Source: SteelMint Research, Railways
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