Odisha: Iron Ore Dispatches Up Marginally in Nov'18

Odisha - India's largest iron ore producing state recorded dispatches at 6.24 MnT in Nov'18. The dispatches increased slightly on monthly basis as against 6.14 MnT in Oct'18. The figures exclude movement for export and dispatches of captive miners- SAIL & Tata Steel

Odisha based merchant miners were facing narrowed buying interest following which major miners have reduced iron ore prices in Nov'18. SteelMint also heard that miners have increased discounts on bulk quantity purchase further over announced listed offers.

On yearly basis, iron ore dispatches from Odisha increased by 5% in Nov'18 as compared to Nov'17 dispatches at 5.96 MnT.

During (Apr-Nov'18) Odisha iron ore dispatches stood almost stable at 47.98 MnT as compared to 46.83 MnT in the same time frame last year.

Rungta Mines iron ore dispatches dropped 22% M-o-M

Odisha's merchant iron ore miner - Rungta Mines, India's largest private merchant miner, dispatched the iron ore at 1.31 MnT in Nov'18. The dispatch recorded fall of 22% M-o-M against 1.68 MnT in Oct'18.

Serajuddin Mines dispatched 0.61 MnT in Nov'18, down slightly against 0.63 MnT in Oct'18. Serajuddin resumed operations at one of its iron ore blocks recently and is likely to increase its production volumes post resumption of operations at one of its blocks. The operations were suspended owing to technical issues.

Essel mining dispatches recorded significant increase of 87% M-o-M to 0.55 MnT in Nov'18, against 0.30 MnT a month ago.

Iron ore dispatches from OMC, increased 19% in Nov'18

OMC, state-owned miner recorded an increase in dispatches at 0.94 MnT in Nov'18 witnessed 19% up as against 0.79 MnT in Oct'18.

Mine-wise Odisha iron ore dispatches: Nov'18 v/s Oct'18

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