Odisha: Iron Ore Dispatches Up 12% in May'19

Odisha- India's largest iron ore producing state recorded rise in total iron ore dispatches at 7.65 MnT in May'19, as against 6.82 MnT in Apr'19. The figures exclude movement for export and dispatches of miners- SAIL & Tata Steel.

Rungta Mines, India's largest private merchant miner, dispatched the iron ore at 1.46 MnT in May'19. The dispatch recorded 14% decline as against 1.70 MnT in Apr'19. As per sources report to SteelMint, high grade ore availability in its Joda mines has turned low.

Serajuddin mine recorded iron ore dispatches at 0.95 MnT in May'19, up 16% against 0.81 MnT in Apr'19. Serajuddin mine produces around 10 MnT iron ore annually and has an EC limit of 15.15 MnT p.a.

OMC, state-owned miner recorded 10% increase in dispatches to 0.92 MnT as against 0.84 MnT in Apr'19.

RP Sao, Essel Mining, Kaypee Enterprises and KJS Ahluwalia recorded increase in monthly dispatches at 0.74 MnT, 0.71 MnT, 0.53 MnT and 0.49 MnT respectively.

Mine-wise Odisha Iron Ore Dispatches: May'19 v/s Apr'19

Quantity in MnT
Excluding movement for export & movement of SAIL and Tata Steel
Provisional Data
Source: Govt. of Odisha

Rise in global iron ore price has favored domestic iron ore price hike. Odisha based major miners raised prices twice in the month of May'19 each time by INR 300/MT in lumps and INR 200/MT in fines. Currently, spot iron ore fines price (Fe 62%) is assessed at USD 110.20/MT, CFR China.

Amid global supply crises, prices are expected to push up. Also, supply worries caused at NMDC due to tribal's agitation may further increase dispatches from Odisha.