Steel Sector Seeks Help For Servive 

  • 08-Jun-2021
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Steel industry bodies have urged the Odisha Government to restore the right of preemption under the Minerals (Other than Atomic and Hydrocarbons Energy Minerals) Concession Rules 2016 to save the steel sector in the State.

The Orissa Sponge Iron Manufacturers Association (OSIMA) in a letter to the Government has highlighted the iron ore shortage and unprecedented rise of iron ore, which have severely affected the State-based steel units. “This has become impossible to source because of huge-scale inter-State export of iron ore outside the State, making it very challenging for Odisha-based end-use plants to secure ore availability at reasonable prices,” OSIMA chairman Yogesh Dalmia has written in the letter.

The association has appealed to the State Government for immediate intervention by exercising the right of preemption under the Minerals (Other than Atomic and Hydrocarbons Energy Minerals) Concession Rules 2016 to make iron ore available for the State-based steel units and save thousands of jobs.

 

‘There is an urgent need to reinstate preemption rights of iron ore for State-based end-use plants and curtail the rampant diversion and export of precious iron ore outside Odisha, ensuring sustainable supply of usable ore for end use plants based in the State safeguarding livelihood of lakhs of Odia people,’ the letter has argued.

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