India: Odisha Iron Ore Production Down 4% in Jan’20

Odisha – India’s largest iron ore producing state recorded production at 14.05 MnT down 4%, as against 14.62 MnT in Dec’19, according to the provisional data of Odisha Govt. maintained by SteelMint. The figures include the type of material – fines, lump, and concentrate. Few major miners had already finished their EC limit, rendering limited production.

Rungta Mines – India’s largest private merchant miner produced 3.21 MnT iron ore in Jan’20. The production recorded fall of 19% as compared to 3.96 MnT a month ago.

Serajuddin mines production recorded 75% increase to 1.78 MnT in Jan’20 as compared to 1.02 MnT a month ago. The miner decreased iron ore lump offers on 13 Mar’20 for 5-18 mm (Fe 63%) by INR 500/MT. Serajuddin mine produces around 10 MnT iron ore annually and has an EC limit of 15.15 MnT p.a. In the Odisha block auction, the miner retained its Balda block at a premium of 118.05%.

Essel Mining and Industries iron ore production for the month stood at 1.73 MnT, down 6% on monthly basis. The miner has been continuously increasing its production at its Jilling Langalota mines after it received permission from Supreme Court in Feb’18. The miner has increased prices twice in Jan’20.

As per the reliable sources report to SteelMint, there is a slow-down in placing of  new orders, as the buyers are reluctant to place any fresh orders for the delivery of material by 31st Mar 2020. As few existing miners will see the change of hands after auctions conducted last month. Following this logistic cost via truck has also been increased as per the sources.

Odisha Mine-wise Iron Ore Production: Jan’20 vs Dec’19

Source: Govt. of Odisha
Provisional data including fines, lump & concentrate
Quantity in MnT