At a meeting held on January 6th 2009, Federal Indian Minerals said that India's chrome ore price might drop to USD 300 to USD 400 per tonne on slow demand, though the minerals association and MMTC did not disclose the base price. At the same time, the Association of Federal Indian Minerals has requested the government to cancel the chrome ore export tax.
Meanwhile, OMC decreased its chrome ore price to some USD 219 per tonne in November 2008, a drop of 40% compared with October 2008.
Source: Steel Prices China
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