Indian Mills Book Australian Lump Amid Limited Availability from South Africa - Sources
Mining News Pro - According to market sources report to SteelMint, demand for imported lumps in India has witnessed rising amidst limited supplies and increasing domestic pellet prices. However, tight availability of both Kumba and Assmang lump is a matter of concern.
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According to Mining News Pro -Demand for South African lump in India is high, but the weather constraints, port congestion along with the railway maintenance shut down have reduced the lump availability.

A Gujarat based trade source highlighted that offers for Assmang and Kumba lump are only heard for November deliveries amid issues in material movement. Owing to this, mills were heard to have booked a cargo of Australian lump.

A market participant highlighted “We have booked Australian lump cargo of 90,000 MT, with 61% Fe content at USD 86/MT, CFR. The shipment is scheduled for November deliveries”.

Although no offers for South African lump was heard but assessment stands at around USD 95/MT, CFR Kandla for Fe 65% lump.

Jindal SAW may increase pellet offers further -

Jindal SAW pellet offers for Fe 63% assessed at INR 9400/MT (delivered Kandla) as against INR 9000 /MT (delivered Kandla), last week. As per sources, prices may move up further.

List of iron ore import vessels to India in Sep`18

Shipper

Port

Vessel Name

Quantity

Country

Sree Rengaraaj Ispat

Tuticorin

Thor Mercury

54,380

South Africa

Mono Steel

Kandla

Pacific Queen

172,100

South Africa

JSW Steel

Jaigarh

Berge Daisen

190,000

Australia

JSW Steel

Jaigarh

Cape Leonidas

165,700

Brazil

JSW Steel

Krishnapatnam

Helga Oldendorff

192,064

Australia

JSW Steel

Krishnapatnam

Luise Oldendorff

189,600

Australia

JSW Steel

Jaigarh

Kyla Fortune

155,600

Brazil

Qty in MT
Provisional Data, Updated till 17th Sep`18
Source: SteelMint Stats, Customs

Australia contributes 64% of Indian iron ore imports in CY`18

According to data maintained with SteelMint, Indian iron ore imports in CY`18(Jan-Aug`18) witnessed at 10.90 MnT. Australia accounted for 64% of total Indian imports at 6.95 MnT, followed by South Africa at 2.36 MnT and Brazil at 1.41 MnT.


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