Sale price at Rs 5,600/tonne compared to raising cost of Rs 600

The All Odisha Steel Federation (AOSF), a body representing the interests of local steel units and sponge iron manufacturers, has stepped up the ante on mine owners, accusing them of making huge profits by selling iron ore to end use industries at exorbitant prices. AOSF held that after the notification of the state steel & mines department dated December 5 last year that made selling of at least 50% of their ore to local industries compulsory, two lessees- Sirajuddin and Indrani Patnaik had offered ore for sale to such units.