Tata Steel, India’s 3rd largest steel producer with an annual production of around 9.1 MnT, has consistently sourcing Iron ore from merchant market after the Supreme Court’s order of temporary suspension in Odisha.
Tata Steel procures Iron Ore from Merchant Market#
1. Imported 100,000 MT of Iron ore fines from Australia at Paradip/Haldia
|
Tata Steel Iron Ore Imports |
|||||
|
Unloading Port |
Date |
Qty (MT) |
Prices (USD/MT) |
Vessel Name |
Origin |
|
Paradip |
27 Jun’14 |
45,000 |
– |
Jin Xiu Feng |
Australia |
|
Haldia |
15 Jun’14 |
26,487 |
97-99 |
Marianna |
Australia |
|
Paradip |
09 Jun’14 |
19,000 |
96.6 |
Marianna |
Australia |
|
Haldia |
24 Apr’14 |
29,000 |
109.0 |
Yvonne |
Australia |
|
Paradip |
19 Apr’14 |
16,000 |
107.6 |
Yvonne |
Australia |
|
Total |
135,487 |
|
|
|
|
2. Bought 40,000 MT of Iron ore (Lumps/Fines) from NMDC’s (Chhattisgarh) e-auction
3. Bought 24,000 MT of Pellets from Jindal Steel & Power (Barbil)
4. Bought 8,000 MT of Pellets from Brahamani River Pellets (Jajpur, Odisha)
# For reference only
However, Tata Steel’s officials mentioned that company will reduce Iron ore imports but continue to participate in NMDC’s auction.
Tata Steel’s Iron ore production stood at 17 MnT in FY14 (10-11 MnT from Odisha and 6-7 MnT from Jharkhand). Company’s Iron ore production came to an halt after the Supreme Court directed to suspend mining operations for all those mines running under second deemed renewal on 16 May, 2014 and asked the state government to take a call within 6 months.
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