Vedanta (FACOR) conducted an auction today for 1,500 t of ferro chrome. The entire quantity on offer received bids at higher prices due to bullish sentiments in the domestic market amidst rising Chinese enquiries, as per SteelMint reports. Enquiries by Chinese market participants rose due to supply disruption in South Africa, with Indian ferro chrome suppliers standing to gain. Prices were around INR 3,000/t higher compared with late last week. The last transaction for HC ferro chrome was heard at INR 107,000/t ex-Jajpur.
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