Indias Lockdown Halves Nmdc Iron Ore Output

last month, nmdc had raised the lump price by a little over 8% to rs 1,950 per tonne, its first hike for the higher grade of the ore in over one-and-a-half years. the firm had also raised prices for iron ore fines by 10% to rs 1,710 per tonne for march. last time, nmdc had raised the prices of fines in november 2015.

odisha, india’s eighth-largest state (area-wise), took credit for the biggest chunk of the country’s iron ore production at 109.5 mnt or 54.9% in cy20 which accounts for more than half of india’s total iron ore production. but compared to cy19, in 2020, odisha’s contribution to india’s total iron ore production decreased 18.28%.

in march this year, the power consumption grew nearly 23% to 121.51 bu compared to 98.95 bu in the same month of 2020. power consumption in india grew nearly 45% in the first half .

india’s largest iron ore producer, nmdc ltd, cut the price of the steelmaking ingredient, which is good news for indian steel producers, according to a the hindu businessline report. the nmdc .

india’s largest iron ore miner state-run nmdc ltd recorded a 22% fall in output of the steel-making resource in the first quarter of the fiscal year at 6.60 million metric tons, a company statement said. its turnover during the same period fell by 40% to rs 1,938 crores (19.38 billion rupees). the company’s performance was affected [].

nationally iron ore output in 2020-21 (q1) is down by 45 percent when compared with cply, whereas nmdc fall is 22 percent. further, nmdc produced around 20 percent of india’s total iron ore production for the period 1q fy’21.

nationally iron ore output in the first quarter was down by 45% year on year, whereas the fall in output for nmdc was 22%. the company produced around 20% of india’s total iron ore .

india nmdc's apr-nov iron ore output drops nearly 5% yoy company, international, iron ore 2020-12-07 11:25:34 the national mineral development corporation limited of india (nmdc) produced 17.98 million tonnes of iron ore in the first eight months of the fiscal year 2020-21 (april-november), a decrease of 4.82% from 18.89 million tonnes in the same period of last year, .

firm’s iron ore output picked up in october-november after the monsoon season to about 5.4 company’s stock, which has been on the rise since the second half .

- india produces more than 200 million tonnes of iron ore annually and exports about half of that. - there are about 500 mines, half of which are operational. these mines are held by about 80 .

Iron and steel industry in india - wikipediaoverviewnational steel policysteel plantsstructureproductionsteel priceshistorybibliographynational steel policy – 2.

the indian steel industry accounts for about 2% to the country's gdp with an output multiplier of 1.4x and an employment multiplier of 6.8x. it is largely iron-based through the blast furnace (bf) or the direct reduced iron (dri) route. the growth in the steel sector has been driven by domestic availability of raw materials such as iron ore and .

india’s state-owned nmdc ltd aims to produce about 45 million tonnes (mt) of iron ore during the next financial year as against the expected 35 million tonnes in the current fiscal, the company’s chairman and managing director was reported as saying. “last year, we achieved 34.5 million tonnes of production.

nmdc iron ore production at 15.47 mt in apr-oct pti feeds | novem 7:34 pm ist saniniu laizer, a tanzanian subsistence miner couldn't believe his luck after he unearthed two of.

the bailadila project of state-run mineral producer nmdc in chhattisgarh recorded a rise in iron-ore production and sales in june 2020 as against june 2019, despite the covid-19 lockdown .

state-owned nmdc on monday said it has reduced the prices of lump ore and fines by rs 200 per tonne each. iron ore is the key raw material for steel making. any change in its prices has a direct impact on the rates of steel. after the price revision, a .

india’s leading iron ore miner, national mineral development corporation (nmdc), produced 2.79 mn t of iron ore in may’21, down by 11% as against 3.13 mn t in apr’21, steelmint learned from its bse filing. production and dispatches were impacted in may’21 with the company’s mines in chhattisgarh operating in two shifts instead of the usual three due to lockdown restrictions in the state.

india's nmdc ltd said on friday it had temporarily suspended operations at a key iron ore mine in chhattisgarh after the state government ordered it to do so. nmdc chairman kumar told reuters he was unsure why chhattisgarh had instructed it to halt operations. the 6 million tonnes per annum becheli mine is nmdc's largest, accounting for nearly 40% of its annual production .

india produced 136 million tonnes of iron ore last fiscal year ended march 31. about 1.5 million tonnes of ore are needed to make 1 tonne of steel, implying india's ore output will have to .

nmdc slashes iron ore price by rs 400/tonne in second cut in 40 days. firm say the move has given a lot of relief to steel companies, especially sponge iron-based firms in chhattisgarh. , tuesday.

india’s production of this steel-making raw material is up 13% in cy19 iron ore production in india in calendar year (cy) 2019 surpassed 231 million tons (mnt) compared to cy18’s 204.7 mnt. in cy19, iron ore production grew by a whopping 12.9%. odisha, which is the eighth largest state in india (area-wise), alone took the [].

india’s state-run iron ore miner nmdc limited has shut down operations of its bailadila mines in the central indian state of chhattisgarh, in line with the national lockdown imposed from march 25, a company source has told steelorbis. the mining operations were shut down largely owing to restrictions laid down for the lockdown and impacting .

biznext india : the lockdown has taken a heavy toll on mining activities of psu miners like nmdc and coal india. while nmdc has reported 37% drop in iron ore output in april, coal india’s coal output slipped by 11%. nmdc, india’s largest iron ore producer has reported 37% drop in monthly iron ore production in april at 1.80 million tonnes (mt).

the public sector iron ore major's output for the month rose 73% on year to 3.1 mln tn. a lower base due to the covid-19 lockdown during the previous year is the reason for the significant jump in nmdc on-year volumes, besides stable demand in the current year, the source said.

month on month, the output dropped by 34.8 percent from 2.76 million mt in march. as steelorbis reported earlier, nmdc has shut down operations of its bailadila mines (capable of producing an estimated 24 million mt of high grade iron ore) in the central indian state of chhattisgarh, in line with the national lockdown imposed from march 25.

slump in iron ore demand has roiled big miners like nmdc. its iron ore volumes in april 2020 tanked 49 per cent year-on-year to 1.38 million tonnes, .

nmdc looks to restore full production in a month. nmdc, the country’s leading miner, is seeking to restore full production within a month to help offset the impact of a 40% output cut in the initial stages of the lockdown. “we are looking to ramp up production to full capacity within a month,” sumit deb, director (personnel) nmdc, told et. deb is due to take over as the next chairman in august.

while it hopes to produce 7-8 lakh tonnes per month at bailadila in chhattisgarh, nmdc is also looking at achieving full production at donimalai and kumaraswamy mines in april 2020, it produced 1.8 million tonne against 2.9 mt last year and sold 1.38 mt against 2.7 mt in april coronavirus-led disruptions may cause domestic iron ore output to drop to around 90 million .

india, in its crusade against illegal mining, has over the past few years choked its iron ore output and exports so hard that many companies had to give up on the sector.

after the initial setback due to imposition of the lockdown when nmdc had to curtail production by 30-40% as its major steel industry customers cut back production by nearly half, nmdc's major customers like jsw steel and am/ ns india (erstwhile essar steel) have maintained their offtake, and also continuing with exports to japan and south korea.