UTC+8 ( BJT)

India: Chrome ore production drops 51% y-o-y in FY'21

ABSTRACT

India’s chrome ore production dropped by a sizeable 51% year-on-year (y-o-y) in FY’21. All the chrome ore mines in India remain affected by the pandemic, but the reduction in production in the first half of the year was long apprehended due to the chrome ore mine blocks auctions in Odisha. Odisha caters to 98% of the total Indian chrome ore production and all the three major mines were auctioned off which led to a significant decrease in output.
In the second half of FY’21, production increased by more than two-fold from 0.53 million tonnes (mn t) to 1.46 mn t, with a bulk of the output recorded in Q4. Key highlights Three major mines put under auction: In the Odisha mines auctions in 2020, three major chromite mines were put up

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

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

FREE TRIAL
+65 6653 8227