NMDC (Chhattisgarh) supplied total 303 rakes (1.16 MnT) of iron ore in the month of Oct’19, up 59% against 190 rakes (0.73 MnT) a month before in Sept’19, according to railway movement data maintained with SteelMint.
Chhattisgarh based steel plants increased sourcing from NMDC (C.G.) by 38% from 29 rakes (equivalent to 112,000 MT) in Sep’19 to 40 rakes (155,000 MT) Oct’19 (This does not include movement through road).
On 19th Sep, NMDC Ltd announced cut in its iron ore prices. Prices of iron ore fines and lumps were reduced by INR 200/MT and in DR-CLO price cut was by INR 230/MT. Also easing iron ore production after monsoons resulted in improved production & dispatches.
NMDC’s supplies to outside state-based units increased sharply: The procurement by outside C.G based units also increased for the month by 57% in Oct’19 to 216 rakes (0.83 MnT) in Oct’19 as against 138 rakes (0.53 MnT) in Sept’19.
RINL’s procurement from NMDC Bailadila mines in Oct’19 increased 47% on monthly basis to 144 rakes as compared to Sept’19 procurement at 98 rakes.
JSW Steel (Dolvi) sourcing from NMDC recorded at 22 rakes in Oct’19, against 14 rakes a month before.
KIOCL sourcing from NMDC (C.G) increased by almost two-times to 39 rakes in Oct’19 against 20 rakes in Sept’19.
Movement for exports double in Oct’19: NMDC’s movement of iron ore export for the month of Oct’19 witnessed more than two-times to 47 rakes as compared to 23 rakes in Sept’19.
NMDC (C.G.) Iron ore rake movement: Oct’19 Vs. Sep’19
| Seller | Buyer | Oct-19 | Sep-19 |
| NMDC(CG) to Chhattisgarh based Plant | Monnet Ispat & Energy Ltd | 6 | 1 |
| API Ispat & Power | 5 | 4 | |
| Mahendra Sponge & Power Ltd | 3 | 1 | |
| Gopal Sponge | 2 | – | |
| Rashmi Sponge Iron & Power Ltd | 2 | – | |
| Phil Ispat | 2 | – | |
| Real Ispat & Power Ltd | 2 | 1 | |
| Hi-Tech Power Steel | 2 | 1 | |
| Shivalay Ispat & Power Pvt Ltd | 2 | 2 | |
| Shri Nakoda Ispat Ltd | 2 | – | |
| SKS Ispat | 2 | 5 | |
| Vraj Metaliks Private Limited | 2 | 2 | |
| Aarti Sponge & Power Ltd | 2 | – | |
| Drolia Electrosteel Ltd | 1 | – | |
| Vaswani Industries | 1 | 2 | |
| Sunil Sponge | 1 | – | |
| Bhagwati Power Steel | 1 | 1 | |
| Shilpy Steels Pvt Ltd | 1 | 1 | |
| Gopani Iron & Power Ltd. | 1 | 1 | |
| Shri Bajrang Power & Ispat | – | 2 | |
| Public | – | 1 | |
| Grace Industries | – | 2 | |
| Mahendra Sponge & Power Ltd (Unit II) | – | 1 | |
| PD Industry Ltd | – | 1 | |
| Total | 40 | 29 | |
| NMDC(C.G.) to Other State | Rashtriya Ispat Nigam Ltd | 144 | 98 |
| JSW Steel, Dolvi | 22 | 14 | |
| Kudremukh Iron Ore Company Ltd | 39 | 20 | |
| Steel Exchange India Ltd | 3 | 1 | |
| Gallant Metal Ltd. | 3 | 2 | |
| Welspun Max Steel Ltd | 2 | – | |
| Maha Maya | 2 | 2 | |
| Noble Tech Industries Ltd. | 1 | 1 | |
| Total | 216 | 138 | |
| Export | 47 | 23 | |
| Grand Total | 303 | 190 | |
Each rake carries approximately 3,850 MT iron ore
*Excluding Essar Steel’s movement through slurry pipeline
Source: SteelMint Research, Railways
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