India: Chrome Ore Production Remains Stable In FY19
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in FY’19 was noted to be 4,282,529MT. It is almost similar to the previous year’s production viz., FY18.
Production level by Captive miners were down by 11% in FY’19 as compared to previous Financial year. Balasore Alloys contributed the highest amount in the production of Chrome Ore, amongst the Captive mines in India. However, the production was marginally low by 9% in FY 19 on Y-o-Y basis. Meanwhile Ferro Alloys Corporation Limited(FACOR) and Infrastructure Development Company Limited (IDCOL) decreased their production by negligible levels.
Production levels by Merchant miners were marginally high by 2% in FY’19 as compared to the previous year. TATA Steel and OMC in together contributed to approximately 68% of the total Chrome Ore Production by India in FY’19. Production for TATA Steel stood at 1,734,447MT which was less than FY18 by 12%. TATA Steel however remained the largest miner in FY19. Odisha Mining Corporation (OMC) remained the second largest merchant Miner with 1,188,253MT production in FY19. Meanwhile production cuts in IMFA was observed by 6%. However, Saruabil Chromite Mines and B.C. Mohanty & Sons increased their production levels by 52% and 12% respectively.
Total Production by Captive miners remained at 485,740MT in FY19 and for Merchant miners are at 3,796,789MT.
source: SteelMint
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