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Odisha steel units balk at high iron ore linkage prices by OMC

The linkage prices are almost on par with the iron ore sold by OMC through e-auctions

Jayajit Dash  |  Bhubaneswar 

Steel industries in the state, especially the ones without captive iron ore assets, are peeved with the steep prices of iron ore offered by the state controlled Odisha Mining Corporation (OMC) through long-term linkage. The linkage prices are almost at par with the iron ore sold by OMC through e-auctions. The aggrieved steel companies have asked for a pricing concession, seeking 20 per cent discount on price of iron ore supplied by OMC via long-term linkage. Since the state based steel units are contributing to the economy by way of value addition and employment generation, the ...

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First Published: Sat, April 29 2017. 13:24 IST
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