According to pellet rake movement data maintained with SteelMint, movement during Feb’17 by eastern India based pellet plants fell 22% M-o-M. Major eastern India based pellet makers dispatched 18 pellet rakes last month compared to 23 rakes in Jan’17. Iron ore/pellet rake availability in domestic market is low over increased exports from India.
Pellet rake movement of Jindal Steel & Power (JSPL) declined 29% M-o-M from 21 rakes in Jan’17 to 15 rakes in Feb’17. Tata Steel increased its pellet sourcing sharply from JSPL and procured 13 rakes in Feb’17 against 4 rakes in Jan’17.
Pellet movement by Arya Iron & Steel remained stable on monthly premises and it supplied 3 rakes in Feb’17. Ardent Steel and BRPL did not supply any rake last month.
Bhushan Steel procured only single pellet rake in Feb’17.
Pellet Rake Movement: Feb’17 vs Jan’17
|
Seller |
Buyer | Feb’17 |
Jan’17 |
| Jindal Steel & Power Ltd | Tata Steel | 13 | 4 |
| Bhushan Steel Ltd | 1 | 3 | |
| Maan Steel & Power Ltd | – | 2 | |
| Gallant Ispat | 1 | 2 | |
| Satyam Smelters | – | 2 | |
| Bhushan Power & Steel Ltd | – | 2 | |
| Bhagwati Sponge Pvt Ltd | – | 2 | |
| Gagan Ferrotech | – | 2 | |
| Brahmaputra Metaliks Ltd | – | 1 | |
| Jharkhand Ispat Pvt Ltd | – | 1 | |
| Total | 15 | 21 | |
| Arya Iron & Steel Ltd | Shyam Steel | – | 1 |
| Arya Iron & Steel Ltd | – | 1 | |
| ElectroSteel Steels Ltd | 2 | – | |
| Brahmaputra Metaliks Ltd | 1 | – | |
| Total | 3 | 2 | |
| Grand Total | 18 | 23 | |
Each rake carries approximately 3,850 MT pellets
Source: SteelMint Research, Railways
Indian pellet prices moved up sharply in Feb’17 – In line with increasing P-DRI prices, improved pellet trade activities, domestic pellet prices moved up considerably in Feb’17. Barbil pellet prices are up by INR 200/MT while in Jharsuguda and Durgapur prices escalated by INR 800/MT and INR 850/MT M-o-M respectively.
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