India’s Chrome Ore Production & Prices Trend (Jan-Sep’22)

Out of 3.43 million tonnes (mnt) of ferro chrome exported in H12022, South Africa was the largest supplier with a share of nearly 50% of total volumes, followed by India (at close to 20%), and Kazakhstan (15.7%). The major leaseholders of chrome ore are Tata Steel with 2.84 mnt, followed by OMC with 1.91 mnt, and IMFA 0.6 mnt. In total, India has 6.39 mnt of EC capacity. The production level is around 4 mnt/year, with the major producers being Tata Steel with over 51% of the market share, followed by OMC with 30%. OMC is producing at a level of 1.1-1.2 mnt, which is slated to rise with new mine projects.


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