MMTC has revised and largely reduced the floor price of chrome ore to be shipped from India from March 1st 2009 to April 15th 2009.
The new floor price of Indian chrome concentrate for export is USD 250 per tonne FOB. The price stood at USD 710 per tonne at the end of May 2008.
In view of the falling price of chrome ore in the international market, MMTC considered in January 2009 to reduce the floor price of Indian chrome concentrate for export but its conclusion was carried over to the middle of February. The floor price of friable chrome ore to be exported from India has been so far set by USD 5 per tonne higher than that of chrome concentrate.
Source: Steel Guru
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