India: Chrome Ore Dispatches Declined Significantly by 89% M-o-M in Apr'2020
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Chrome Ore dispatches suffered heavily in April due to major concern over the lacklustre Ferro Chrome market conditions. A Ferro Chrome smelter shared with SteelMint, that the market is plagued by the down-trending Stainless steel demand which in turn is having a cascading effect on the Ferro Chrome prices. The Chrome Ore dispatches remained highly affected by a combination of several factors such as:
1. Logistics remained affected severely due to the panic in the country by the pandemic. Although, goods transportation was not blocked, yet the manpower shortage remained a major issue.
2. Even though Steel was listed under the essential commodities, the industries were either shut or running with low capacity to curtail the pandemic. Due to this, the demand for Ferro Alloys remained slow.
Major Buyers: Balasore Alloys, IMFA and FACOR were the three manufacturing units to procure the highest amount of Chrome ore in April, however, all of the three industries procured from their captive mines. Meanwhile, Merchant miners received a dull response amidst transportation issues.
The Dispatches in the month of Apr'2020 is as follows:
| Odisha Chrome Ore Dispatches in Apr'20 & Mar'20 | ||||
| Seller | Buyer | Apr-20 | Mar-20 | M-o-M |
| Misirlal Mines | Misirlal Mines | 9,326 | - | NA |
| O.M.C. | FACOR | 2,650 | 4,928 | -46.23 |
| Rashmi Cement | 1,561 | 4,597 | -66.04 | |
| Shyam Metalics & Energy | 1,080 | 3,104 | -65.21 | |
| Surya Alloy Industries | 556 | - | NA | |
| Jai Balaji Industries | 479 | 461 | 3.90 | |
| Nifty Chemicals | 199 | - | NA | |
| Total Solutions | - | 876 | NA | |
| Ganpati Alkalies & Chemicals | - | 289 | NA | |
| Sagar Mining & Metals Industries | - | 96 | NA | |
| Matrix Ferro | - | 879 | NA | |
| Jindal Stainless | - | 18,035 | NA | |
| Minerals Trade Corporation | - | 430 | NA | |
| Rohit Ferro Tech | - | 5,191 | NA | |
| Mineworth Minerals | - | 75 | NA | |
| SAL Steel | - | 3,580 | NA | |
| Visa Steel | - | 7,975 | NA | |
| Stork Ferro & Mineral | - | 1,769 | NA | |
| Vishnu Chemicals | - | 691 | NA | |
| Tawi Chemicals Industries | - | 82 | NA | |
| Pee ELL Alloys | - | 1,071 | NA | |
| Khemka Refractories | - | 200 | NA | |
| IDCOL Ferochrome & Alloys | - | 1,000 | NA | |
| ARRK Ferro Alloy | - | 511 | NA | |
| Nilachakra Industrial Minerals | - | 300 | NA | |
| O.M.C. Total | 6,525 | 56,138 | -88.38 | |
| Balasore Alloys | Balasore Alloys | 5,667 | 12,569 | -54.91 |
| FACOR | FACOR | 3,560 | 9,729 | -63.41 |
| IMFA | IMFA | 3,149 | 20,604 | -84.72 |
| TATA Steel | Rohit Ferro Tech | - | 1,845 | NA |
| Tata Steel | - | 11,721 | NA | |
| SRC Chemicals | - | 24 | NA | |
| Anand Exports | - | 6,419 | NA | |
| Aarti Steels | - | 22,838 | NA | |
| FACOR | - | 51 | NA | |
| Shyam Metalics & Energy | - | 8,914 | NA | |
| Jai Balaji Industries | - | 8,611 | NA | |
| T S Alloys | - | 13,857 | NA | |
| Jindal Stainless | - | 30,605 | NA | |
| Tirumala Balaji Alloys | - | 129 | NA | |
| Kalinga Minerals | - | 112 | NA | |
| Nava Bharat Ventures | - | 10,137 | NA | |
| TATA Steel Total | - | 1,15,264 | NA | |
| B.C. Mohanty and Sons | Minmat Ferro Alloy | - | 190 | NA |
| B.C. Mohanty & Sons | - | 36,367 | NA | |
| B.C. Mohanty and Sons Total | - | 36,556 | NA | |
| Grand Total | 28,226 | 2,50,859 | -88.75 | |
