Orissa Mining Corporation has reduced the price of Indian chrome ore for domestic sales in the first quarter of 2009.
The price for high grade chrome ore produced in India containing Cr2O3 48% to 49.99% has been reduced to INR 4,976 per tonne, (USD 96 per tonne), a fallen of almost half of the price for the October to December 2008 quarter and compares with prices in the international market last year which reached as high as USD 700 to USD 800 per tonne. However a lack of demand for ferrochrome for the steelmaking industry has seen a consequent fall in the demand for chrome ore.
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