Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Steel Authority of India Limited’s (Sail) iron ore mines’ Raw Material Division (RMD) has reported a record dispatch growth of 9.8pc in February 2021, compared to the same month in 2020. This was tweeted by the company on Wednesday.


Individually, the captive iron ore mines under RMD dispatches from Bolani was 611,117mt, from Kiriburu it was 360,000mt, Barsua was 209,000mt and Taldih was 122,000mt in February– the highest since Sail’s inception.


These mines have also achieved best production in February since inception. Individually, Bolani mine production was 598,700mt, Kiriburu’s was 355,870mt and Taldih’s was 124,708mt. All these iron ore mines are located in the Indian states of Odisha and Jharkhand.


The production at Kirburu, Meghahatuburu, Bolani, and Gua mines are being ramping-up to meet the iron ore requirements the ongoing expansion of Sail’s steel units.


Upcoming pellet plants of 4mn mt annual capacity at Gua, 1mn mt at Dalli, and 2mn mt at RSP have already planned for the utilization of accumulated iron ore fines and generated fines.


Besides, new mechanised iron ore mines are being developed at Rowhat, Chiria and Taldih. 


Sail’s consumption of iron ore was 28.88mn mt in the FY20, which would reach 39mn mt after expansion work is completed.







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