Odisha: Chrome Ore Production Down by 28% M-o-M in Feb'20
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Odisha contributes almost entirely towards chrome ore production in India. Chrome ore production decreased by 28% M-o-M in Feb'20. The downfall in the production was mainly due to the reduced demand of Chrome ore as major Ferro Chrome smelters with non-captive resources switched to Manganese alloys and those with captive resources scaled down their production due to down-trending Stainless-steel market.
There was a major panic among the Ferro Chrome producers over the suspected ore shortage ahead of Chrome ore Mine auctions. This led to the increase in prices of Chrome ore as the auctions received an overwhelming response, but by Feb'20 the demand was deterred due to downstream Ferro Chrome sentiments.
| Odisha Chrome Ore Production | |||
| Mines | Feb'20 | Jan,20 | M-o-M |
| Captive | |||
| Balasore Alloys | 22,396 | 31,424 | -28.7 |
| FACOR | 24,677 | 18,277 | 35.0 |
| IDCOL | 231 | 355 | -34.9 |
| Sub Total (A) | 47,304 | 50,056 | -5.5 |
| Other Than Captive | |||
| Tata Steel | 1,62,506 | 1,73,357 | -6.3 |
| O.M.C. | 47,647 | 1,39,125 | -65.8 |
| IMFA | 52,801 | 49,190 | 7.3 |
| B.C. Mohanty & Sons | 9,266 | 19,706 | -53.0 |
| Misrilall Mines Pvt Ltd | 13,900 | -100.0 | |
| Sub Total (B) | 2,72,220 | 3,95,278 | -31.1 |
| Grand Total | 3,19,524 | 4,45,334 | -28.3 |
