Indian Chrome Ore Production Up by 24% M-o-M in Feb’18

Odisha contributes almost entirely towards chrome ore production in India. Chrome ore production in Odisha has been recorded at 547,689 MT in Feb’18. It is about 24% above the production witnessed in Jan’18.

Production level by captive miners went down by 11% M-o-M. FACOR witnessed a substantial increase of 40% on a monthly basis while IMFA of 2% M-o-M. While all other captive miners recorded a decrease in their production in Jan’18 with Jindal Stainless and IDCOL registering a shrink of 40% and 87% respectively. Balasore Alloys also witnessed a decrease of 18% on monthly basis.

OMC registered a massive increase of 118% M-o-M in its production, recorded at 201,286 MT in Feb’18 against 92,332 MT in Jan’18. OMC substantially increases its production during the first two quarters of a calendar year, as the rainy season makes it difficult and expensive to carry out mining activities. Moreover, OMC is targeting to produce around 500,000 MT or more during Apr-Jun’18.

TATA Steel, one of the largest merchant miners in the country, hardly registered any M-o-M change in its production in Feb’18, while B.C. Mohanty & Sons registered a decrease of 13% M-o-M.