Bhubaneswar: The
Odisha mining Corporation (OMC) has fetched record price for Chrome ore in the
recently concluded e-auction. The price rise is being attributed to local short
supply due to production cease by other merchant chrome miners and rise of
ferrochrome prices in the international market.
In the e-auction
started on 16th of February, OMC offered 92,300 tons of friable
and 66,900 tons of concentrated chrome ore out of which all the material have
been disposed off. Of the 92300 tons
of friable ore, 70% had been reserved for state based units.
The 54+ grade
friable chrome ore of SouthKaliapani mines fetched a price of Rs.17,073/MT i.e.
a rise of 54% against the last e-auction price of Rs.11,087 held on 24th
December. The floor price was set at Rs.10,673 for the same grade. Meanwhile
the 52-54 grade has fetched better price than the 54 grade at Rs.17,279 as against
Rs.10,508 in the previous e-auction. The 50-52 grade and 48-50 grades have got
prices of Rs.15,282 and Rs 16,222 respectively.
Similarly the
46-48 grade concentrated ore has fetched a H1 price of Rs.11,090 against Rs.9,340
in the last e-auction. The 42-44 grade has fetched H1 price of Rs.9,096, H2
price of Rs. 8,996 and the 38-40 grade has fetched H1 price of Rs.7,447 as against
the price of Rs.7,082 in the last e-auction.
For the Sukrangi
chrome mines, while 54+ grade has fetched H1 price of Rs.12,373, the 52-54
grade got a price of Rs.15,379 and 48-50 grade at Rs.15,122.
According to
sources, JSL and Rohit Ferrotech were the aggressive bidders this time. The Ratan
Jindal controlled JSL has been successful to get an allocation of 40,000 tonnes
of friable chrome ore which is more than 60% of the available ore for the state
based units. Whereas, VISA Steel has procured allocation of 15,000 tons.
Reported by: Tapan Moharana
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