Financial Daily from THE HINDU group of publications
Friday, Jul 22, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Steel
Logistics - Railways


No let-up in movement of ore to steel plants

Our Bureau

Kolkata , July 21

THERE'S no let-up in rail movement of iron ore, either for domestic consumption or for exports, despite reports of cooling of the steel sector. If anything, the movement of ore to public sector steel plants has gone up.

Railways sources said that the ore movement to plants under SAIL was up by 22 per cent in June compared to the same period last year.

But the sources also conceded that the comparison with last year is not appropriate because then the ore requirement was low because of the drop in production in the wake of the non-availability of coal. The current rise, therefore, is on a smaller base.

There has been no drop in movement of ore to ports for exports either, the sources added.

Thus, South Eastern Railway (SER), the largest ore-loading zonal railway, continues to load as before. "Every day we load about 40 ore rakes, including 6-7 rakes for exports through Haldia, Paradip, and Visakhapatnam ports," said a spokesman for SER.

He added that there has been a reduction in the number of pending iron ore rakes for which requisitions have been submitted by non-premium customers.

At one point, the pending figure was for as many as 30,000 rakes. The figure has dropped a little since then following cancellations for 2,000 rakes. "The cancellations, however, have not changed the overall situation materially."

In keeping with the trend every year, rail movement of coal has been hit during this monsoon too, though not significantly.

Between the peak and non-peak seasons, the dip is estimated at around four per cent in respect coal. All commodities taken together, the dip will be around two per cent on an average, they said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Wet spell on in North-East and peninsula


Against the tide
Wet track
Cement cos keen on tie-up with SAIL — EOIs for plants at Bhilai, Bokaro
AP Govt to monitor tribal health
Aiyar, Chidambaram discuss composition of oil firm boards
Marginal dip in crude oil production
Financial closure of ONGC Tripura Power likely this fiscal
IOC plans to alter refining process, product profile
More global buys by pharma cos likely
No let-up in movement of ore to steel plants
Textile items to come under VAT from April 1
HSBC launches credit facility for SMEs
Kerala Govt to move Supreme Court against HC order on Coca-Cola plant licence
Govt fixes floor price for e-auction of coal
Rajeev Chandrasekhar may tune into FM radio
Jewellery exports: Value-addition policy norms restored
2 NTC properties sold for Rs 862 cr
CII plans seminar on green buildings
Bengal, Jharkhand consider policy framework for sharing minerals
UCIL hopeful of nod for Nalgonda project
BMW dashes Kerala's hopes, prefers TN
AP finance panel to study fund devolution for local bodies
Industry-R&D linkage programme
IT returns to be accepted on Aug 1
Grapes export may recover after sharp fall last year


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line