India: NMDC Iron Ore Rake Movement from Chhattisgarh Mines Improve in Sept'19
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NMDC (Chhattisgarh) supplied total of 190 rakes (0.73 MnT) of iron ore in the month of Sep'19, up 12% against 169 rakes (0.65 MnT) a month before in Aug'19, according to railway movement data maintained with SteelMint.
NMDC supplied 29 rakes (0.11 MnT) to state-based units in Sep'19, up marginally against 28 rakes a month before.
On 19th Sep, NMDC Ltd announced cut in its iron ore prices. Prices of iron ore fines and lumps were reduced by INR 200/MT and in DR-CLO price cut was by INR 230/MT and ROM by INR 180/MT. Prior to this the company had lowered prices by same quantum on 21 Aug'19.
NMDC's supplies to outside state-based units increased 9%:
The procurement by units outside C.G also witnessed rise for the month by 9% on monthly basis to 138 rakes (0.53 MnT) in Sep'19 as against 127 rakes (0.49 MnT) in Aug'19.
RINL's procurement from NMDC Bailadila mines in Sep'19 increased 9% on monthly basis to 98 rakes as compared to Aug'19 procurement at 90 rakes.
JSW Steel (Dolvi) sourcing from NMDC recorded at 14 rakes in Sep'19, against 13 rakes a month before.
KIOCL procured 20 rakes in Sep'19, stable M-o-M.
Movement for exports picked 64% in Sep'19:
NMDC's movement of iron ore export for the month of Sep'19 witnessed 64% rise to 23 rakes as compared to 14 rakes in Aug'19.
NMDC (C.G.) Iron ore rake movement: Sep'19 Vs. Aug'19
| Seller | Buyer | Sep-19 | Aug-19 |
| NMDC(CG) to Chhattisgarh based Plant | SKS Ispat | 5 | 3 |
| API Ispat & Power | 4 | 2 | |
| Vaswani Industries | 2 | - | |
| Shivalay Ispat & Power Pvt Ltd | 2 | 1 | |
| Shri Bajrang Power & Ispat | 2 | 2 | |
| Grace Industries | 2 | - | |
| Vraj Metaliks Private Limited | 2 | 1 | |
| Mahendra Sponge & Power Ltd | 1 | 1 | |
| Bhagwati Power Steel | 1 | - | |
| Shilpy Steels Pvt Ltd | 1 | 1 | |
| PD Industry Ltd | 1 | - | |
| Hi Tech Power Steel | 1 | - | |
| Public | 1 | - | |
| Gopani Iron & Power Ltd. | 1 | - | |
| Real Ispat & Power Ltd | 1 | 1 | |
| Mahendra Sponge & Power Ltd (Unit II) | 1 | - | |
| Monnet Ispat & Energy Ltd | 1 | 4 | |
| Aarti Sponge & Power Ltd | - | 1 | |
| Rashmi Sponge Iron & Power Ltd | - | 1 | |
| Devi Iron & Power Ltd | - | 2 | |
| Nutan Ispat & Power Ltd. | - | 1 | |
| Godawari Power & Ispat Ltd. | - | 3 | |
| Gopal Sponge | - | 1 | |
| Shri Nakoda Ispat Ltd | - | 3 | |
| Total | 29 | 28 | |
| NMDC(C.G.) to Other State | Rastriya Ispat Nigam Ltd | 98 | 90 |
| Kudremukh Iron Ore Company Ltd | 20 | 20 | |
| Essar Steel | 9 | 12 | |
| JSW Steel, Dolvi | 14 | 13 | |
| Gallant Metal Ltd. | 2 | - | |
| Maha Maya | 2 | 1 | |
| Noble Tech Industries Ltd. | 1 | 1 | |
| Steel Exchange India Ltd | 1 | 1 | |
| Welspun Max Steel Ltd | - | 1 | |
| Total | 138 | 127 | |
| Export | 23 | 14 | |
| Grand Total | 190 | 169 | |
Each rake carries approximately 3,850 MT iron ore
*Excluding Essar Steel's movement through slurry pipeline
Source: SteelMint Research, Railways
