The Odisha Sponge Iron Manufacturers' Association is seeking a long-term policy to supply ore to local industries

Faced with shortage of raw material and high prices of iron ore, sponge iron makers in Odisha have asked state-controlled miner Odisha Mining Corporation (OMC) to abandon the auction-based method of price determination. “OMC should abandon the current auction-based method of price determination and bring down the prices of its iron ore. The corporation should also dispense with the system of empanelment and its raw material may be made available to all state-based industries only,” said P L Mohanty, chairman of the Odisha Sponge Iron Manufacturers’ Association (OSIMA).