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Business Standard reported that Jindal Stainless Ltd. (BSE:532508) will step up its imports of chromite because domestic prices are too high.
Business Standard reported that Jindal Stainless Ltd. (BSE:532508) will step up its imports of chromite because domestic prices are too high.
As quoted in the market news:
The state-run Orissa Mining Corporation (OMC), which enjoys a monopoly in determining ore prices in the state, has raised chrome prices by more than 10 per cent for the Jan-Mar quarter. The prices of different grades of chrome ore now cost between Rs 11,000 and Rs 16,000 per tonne in Orissa, the largest producer in India.