Indian steel production will be hit by an acute shortage of manganese and chrome ore and the demand supply imbalance will create unemployment over a long period, the Federation of Indian Mineral Industries (FIMI) has warned.
“Seven working manganese mines and four working chromite mines are going to shut down in few months, by March 31, 2020 leading to wiping out almost 16% manganese ore production in the country and 50% chromite production, thus disrupting raw material supplies for ferroalloys and steel industry creating long term unemployment,” FIMI president Sunil Duggal said.