India: Chrome Ore Production fell by 18% in May’19
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in May’19 was noted to be 380,909 MT. It is lower than the previous month’s production viz., Apr’19 by 18%.
Production level by Captive miners fell by 13% as compared to the previous month in May’19. Balasore Alloys contributed the highest amount in the production of Chrome Ore, amongst the Captive mines in India. However, the production was lower as compared to the previous month in May’19 by 21%. Meanwhile Infrastructure Development Company Limited (IDCOL) increased their production by significant levels. However, Ferro Alloys Corporation Limited (FACOR) increased their production levels by marginal level in May’19 M-o-M.
Production levels by Merchant miners were lowered down from 420,340 MT in Apr’19 to 340,572 MT in May’19 which accounted for 19% downtrend. Misrilall Mines and TATA Steel in together contributed to approximately 64% of the total Chrome Ore Production by India in May’19. Production for TATA Steel stood at 172,471MT which was inched up by 13%. Misrilall Mines decreased its production levels significantly by 55% to 71,320 MT.
Misrilall Mines and TATA Steel, however, remained the largest miners in May’19. Odisha Mining Corporation (OMC) remained the third largest merchant Miner with 50,210MT production in May’19. Meanwhile, production cuts in IMFA and OMC were observed by 13% each. However, production levels of B.C. Mohanty & Sons were stable in May’19.
source: SteelMint
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