Limited demand has once again taken a toll on the OMC (Orissa Mining Corporation) monthly Chrome Ore e-auction. Due to poor response from bidders OMC has to sell the materials at the base price in the April round of e-auction held on 20th April. Even, the miner had to cancel open sale of some grades due to low price (below base price) and only the state based units who have long term supply arrangement with OMC were allocated these grades ( 50-52,44-46,42-44) materials at the prevailing base price.
Overall, out of the 53,300 tonnes of Chrome Ore (including Concentrate) kept in the e-auction only 22,800 tonnes have been fetched bids and remaining 30,500 tonnes are remain unsold.
Allocations
Among the buyers, JSL has brought 1500 tonnes of +54 grade firable,6000 tonnes of 48-50 grade ( South Kaliapani) and 1500 tonnes (Sukringi) and 1200 tonnes of concentrate. Similarly, VISA steel has brought 2700 tonnes of friable of 46-48 grade and 1300 tonnes of 48-50 grade. Public sector Steel company SAIL has brought 1500 tonnes of friable Chrome Ore ( 52-54).
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