India: Odisha Iron Ore Production Drops 25% in July Amid Monsoons

Odisha - India's largest iron ore producing state has witnessed 25% decline in production in July'18 at 6.82 MnT owing to monsoons , as compared to June'18 production at 9.14 MnT. The figures include material type - fines, lump and concentrate.

According to the provisional data of Odisha govt. maintained by SteelMint, state's production recorded increase of 10% Y-o-Y in July'18 as against July'17 production at 6.22 MnT.

Rungta Mines - India's largest private merchant miner produced 1.51 MnT iron ore in July'18, down 27% M-o-M as against 2.08 MnT in June'18.

Tata iron ore production stood at 1.02 MnT (stable M-o-M) and SAIL at 0.69 MnT (down 16% on monthly basis).

Iron ore production of state-owned miner- OMC marked a sharp decline of 76% to 0.21 MnT for the month as against 0.89 MnT in June'18.

RP Sao resumed operations after a gap of around 1.5 years and recorded an increased production in July'18 at 0.4 MnT, up 43% as against 0.28 MnT in June'18.

Essel Mining, KJS Ahluwalia and Serajuddin have depicted decline in production for the month of July'18. Essel mining production witnessed at 0.6 MnT (down 27% M-o-M), KJS Ahluwalia at 0.49 MnT (down 11%) and Serajuddin at 0.44 MnT ( down 12% on monthly basis).

Odisha Mine-wise Iron Ore Production:

Source: Govt. of Odisha
provisional data
Quantity in MnT

Amidst reduced iron ore production and high export realization in the pellets compel the Odisha based major miners increase iron ore prices for both lumps and fines by INR 300/MT.