NMDC Iron Ore Rake Movement Up Marginally in Dec’18
India's largest iron ore miner -NMDC supplied a total of 336 rakes (1.29 MnT) of iron ore in Dec'18, up slightly on monthly basis, against 330 rakes (1.27 MnT in Nov’18. NMDC C.G had slashed iron ore price between INR 450-785/MT for Dec’18 via two successive price cut announced
Procurement by C.G. based units increased 32% in Dec’18
Procurement of NMDC iron ore by Chhattisgarh based units increased 32% to 29 rakes in Dec'18 as against being 22 rakes in Nov'18.
Procurement by outside C.G. based units up 7%
The procurement by units outside C.G has witnessed a rise of 7% on monthly basis to 259 rakes in Dec'18 as against 241 rakes in Nov'18.
JSW Steel (Dolvi) sourcing from NMDC recorded at 21 rakes in Dec'18, down 51% as against 43 rakes a month before. RINL procurement from NMDC Bailadila mines increased by 20% on monthly basis to 210 rakes as compared to Nov'18 procurement at 175 rakes.
KIOCL has decreased its sourcing sharply by 35% in Dec'18 to 11 rakes compared to 17 iron ore rakes from NMDC in Nov'18.
NMDC iron ore exports dropped 28% in Dec’18
NMDC exports of iron ore for the month of Dec’18 witnessed fall of 28% to 48 rakes as compared to 67 rakes a month before.
source: SteelMint
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