You are here: Home » Companies » Industry
Business Standard

Steel units in Odisha resent high pricing of OMC's iron ore

Besides, the weighted average price adopted by OMC is higher than the market price

Jayajit Dash  |  Bhubaneswar 

Steel and other end-use industries in Odisha have taken exception to the stubbornly high pricing of iron ore for the long-term linkage customers. Pointing to the faulty method of price discovery, the state-based units have sought relief from the steep prices in the form of concession in pricing. Industries sourcing iron ore via e-auctions organised by the state-controlled Odisha Mining Corporation (OMC) have complained that the price determination for long-term linkage customers is based on the discovered price through e-auctions by OMC. They have alleged that the discovered price ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

Steel units in Odisha resent high pricing of OMC's iron ore

Besides, the weighted average price adopted by OMC is higher than the market price

Besides, the weighted average price adopted by OMC is higher than the market price Steel and other end-use industries in Odisha have taken exception to the stubbornly high pricing of iron ore for the long-term linkage customers. Pointing to the faulty method of price discovery, the state-based units have sought relief from the steep prices in the form of concession in pricing. Industries sourcing iron ore via e-auctions organised by the state-controlled Odisha Mining Corporation (OMC) have complained that the price determination for long-term linkage customers is based on the discovered price through e-auctions by OMC. They have alleged that the discovered price ... image
Business Standard
177 22

Steel units in Odisha resent high pricing of OMC's iron ore

Besides, the weighted average price adopted by OMC is higher than the market price

Steel and other end-use industries in Odisha have taken exception to the stubbornly high pricing of iron ore for the long-term linkage customers. Pointing to the faulty method of price discovery, the state-based units have sought relief from the steep prices in the form of concession in pricing. Industries sourcing iron ore via e-auctions organised by the state-controlled Odisha Mining Corporation (OMC) have complained that the price determination for long-term linkage customers is based on the discovered price through e-auctions by OMC. They have alleged that the discovered price ...

image
Business Standard
177 22