TSML is planning to sell around 10,000 t chrome ore in May ’21 of medium grade (40-52% Cr) and high grade (+52% Cr) at an estimated price of Rs. 9,000-11,500 /t. OMC has also indicated plans to auction chrome ore later this month. We expect chrome ore prices to drop below Rs. 10,000/t in line with softening ferro chrome prices
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