- JSW Steel increased iron ore purchases by upto 90% from NMDC Chhattisgarh mines
- Iron ore dispatches to Vizag Steel also increased
- NMDC resumes iron ore movement for exports
- NMDC’s iron ore purchases from Chhattisgarh based sponge manufacturers remained constant over declining sponge prices
According to recent railway movement tracked by SteelMint,iron ore dispatches from NMDC’s Chhattisgarh mines have witnessed a significant rise in Oct’15. The company dispatched 1.29 MnT iron ore in Oct’15 against 0.84 MnT in Sept’15. Dispatches of iron ore increased by 54% against Sept’15.
Two major buyers viz. JSW Steel Dolvi and Vizag Steel have significantly increased their purchases from NMDC’s C.G mines by upto 90% and 72% respectively in Oct’15.
Iron ore procurement of JSW Steel, Dolvi, increased drastically by 90% M-o-M. JSW Steel loaded only 80 rakes i.e. 308,000 MT iron ore in Oct’15 against 42 rakes i.e. 161,700 MT in Sept’’15.
RINL, a major buyer of iron ore from NMDC (Chhattisgarh) also increased its purchases i.e. 696,850 MT via 181 rakes in Oct’15, against 404,250 MT via 105 rakes in Sep’15.
NMDC, had resumed iron ore movement to Vizag Port for exports. The company moved about 10 rakes i.e. 38,500 MT (each rake carrying approx 3,850 MT) iron ore (mainly fines) to Vizag port.
In addition, C.G based sponge manufacturers showed less buying interest from NMDC’s ore in Oct’15. C.G based sponge makes mentioned they have not booked any material from 19th Oct’15 onwards. Sponge prices are under pressure due to low demand and cost input of iron ore from Odisha based merchant miners.
NMDC (Chhattisgarh) Iron Ore Railway Movement
| Movement | Sept’15 | Oct’15 | |
| NMDC(CG) to CG based Plant | Sarda Energy & Minerals Ltd | 5 | 12 |
| Vandana Global Ltd | 3 | 6 | |
| Jayaswal Neco Industries Ltd | 6 | 5 | |
| API Ispat & Power | 2 | 3 | |
| Sri Hare Krishna Sponge Iron Ltd | 3 | ||
| Shivalay Ispat & Power Pvt Ltd | 3 | 3 | |
| Shri Nakoda Ispat Ltd | 3 | 3 | |
| Mahendra Sponge & Power Ltd | 2 | 3 | |
| Vaswani Industries | 1 | 3 | |
| SKS Ispat | 7 | 2 | |
| Real Ispat & Power Ltd | 3 | 2 | |
| Gopal Sponge | 1 | 2 | |
| Ghankun Steel Pvt. Ltd. | 2 | 2 | |
| Aarti Sponge & Power Ltd | 2 | 2 | |
| G.R.Sponge & Power Ltd. | 2 | 1 | |
| Topworth Steel & Power Pvt Ltd | 1 | 1 | |
| Hi Tech Power Steel | 2 | 1 | |
| Bhagwati Power Steel | 2 | 1 | |
| Shilpy Steels Pvt Ltd | 2 | 1 | |
| Rashmi Sponge Iron & Power Ltd | 2 | 1 | |
| Niros Ispat | 1 | 1 | |
| N R Sponge | 1 | 1 | |
| Drolia Electrosteel Ltd | 2 | – | |
| Monnet Ispat & Energy Ltd | 1 | – | |
| Agrawal Sponge Ltd. | 1 | – | |
| Gagan Resources Pvt Ltd | 2 | – | |
| Nava Bharat Ventures | 1 | – | |
| Total | 60 | 59 | |
| NMDC(CG) to Other State | Rastriya Ispat Nigam Ltd | 105 | 181 |
| JSW Steel, Dolvi | 42 | 80 | |
| Maha Maya | 3 | 5 | |
| Tata steel | 7 | 2 | |
| Gopani Iron & Power Ltd. | 1 | – | |
| Lloyds Steel | 1 | – | |
| Export | – | 10 | |
| Total | 159 | 278 | |
| Grand Total | 219 | 337 | |
Each rake carries approximately 3,850 MT iron ore
Excluding Essar Steel’s movement which is through slurry pipeline
Source: SteelMint, Railways
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