Iron ore supply in Orissa likely to remain tight in the near term

Saturday, May 28,

Deputy Director of Mines at Joda sector (Orissa) has suspended more than 100 trading licenses over irregularities in submitting monthly return.

These trading licenses were owned by various sponge iron manufacturers and traders in the region which and they will not be issued permits till  any further notice is issued, said an official at Mining office in Joda (Orissa). 

So, stricter norms from the mining authority are likely to squeeze the supply or iron ore in Orissa for the short term.