UTC+8 ( BJT)

India: Cr ore dispatches down by 30% m-o-m in Sep' 20

Indian chrome ore dispatches came down by 30% m-o-m in Sep' 20 as the pre-existing mined lots were dispatched from the auctioned mines. Misirlal mines remained the largest seller of chrome ore as they have to vacate the mine before mid-September. Meanwhile, dispatches from OMC picked up after few months of limited supply, and were up by 187%, also dispatches from IMFA recorded an increase by 85% m-o-m in Sep'20 on slight improvement if productions.
The production of chrome ore has been majorly affected during the rainy season. Meanwhile, the limited leftover backlog from Misrilal mines was dispatched in Sep’20 which also resulted in showing the negative growth in dispatches. In the past few months, the dispatched quantity by Misrilal was much higher as they

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227