Page 4 - Ferro Chrome News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tata Steel Mining Limited (TSML), formerly known as TS Alloys Limited and a 100 per cent subsidiary of Tata Steel Limited, is firming up plans for growth in its ferro chrome manufacturing capacity in India from 450,000 tonne per annum at present to 900,000 tonne in the near future. TSML had acquired three Chromite mines in the 2020 mineral auctions, namely Sukinda Chromite Mine, Saruabil Chromite Mine and Kamarda Chromite Mine, for which leases were granted for 50 years. The mines have now been operational with an annual capacity of over 1.5 million tonne making the company the largest play...

Tata Steel Mining to double ferro chrome output April 16, 2021 Ferro chrome is used in the production of stainless steel   -  Udit Kulshrestha× To meet the growing demand of stainless steel manufacturers Tata Steel Mining (formerly TS Alloys), a wholly owned subsidiary of Tata Steel, plans to double its Ferro Chrome manufacturing capacity in India to 9 lakh tonnes per annum from the current level of 4.50 lakh tonnes per annum. The company had acquired three Chromite mines -- Sukinda Chromite Mine, Saruabil Chromite Mine and Kamarda Chromite Mine -- last year in the mineral auctions. The l...

Indian Metals & Ferro Alloys bullish on spike in ferro chrome prices April 13, 2021 Expects profit in Q4 of FY21 and Q1 of current fiscal Indian Metals & Ferro Alloys Ltd (IMFA) expects a surge in profitability in the fourth quarter of FY21 and the first quarter of the current financial year due a spike in ferro chrome prices. The Odisha-based ₹1,600-crore ferro chrome manufacturer’s profits increased by nearly seven times during the third quarter ended December 31, 2020 at ₹32 crore compared with ₹4 crore in the same period last year following a steady rise in ferro chrome prices....

Merafe warns about freight train crisis as it lays off nearly 1,000 staff Business is difficult due to the high cost of electricity, Covid-19 and now Transnet, say Glencore and its junior ferrochrome partner BL PREMIUM UPDATED 08 March 2021 - 19:22 Merafe Resources, which reported a difficult year that included laying off a tenth of its workforce, warned of another frustrating year ahead beset by tariff hikes and Transnet’s failure to provide enough trains. The company, a junior partner in a chrome mining and ferrochrome business with Glencore, reported a wider after-tax lo...

The chrome market was shocked in October 2020 when the South African government revealed plans to impose a chrome ore export tax, but the subsequent lack of news probably hides activity behind the scenes rather than indicating that the plan has been quietly dropped.