Bhubaneswar: Faced with soaring prices of iron ore and its shortage in Odisha, several industry associations have urged the government to reactivate the pre- emption right of the commodity produced in the state to ensure adequate availability of the raw material, officials said.
The scarcity and the surge in prices are mainly on account of interstate exports of iron ore, Confederation of Indian Industry said.
Several other industry bodies like the Pellet Manufacturers’ Association of India (PMAI) and the Orissa Sponge Iron Manufacturers Association (OSIMA) have sought the intervention of the state government to overcome the crisis.
“In recent times, the state-based iron and steel industry has been facing huge challenges due to low production of iron ore, rampant interstate dispatches, and thus the exponential increase in prices,” CII said in a letter to the principal secretary of the department of steel and mines. —PTI

Press Trust of India