OMC Chrome ore auction

India: OMC garners poor response in chrome ore auction

State-run miner OMC concluded auctions for 35,100 t of chrome ore today. Out of which, only 4,800 t of the material was booked at the base price while the rest remained unsold. OMC had increased the base price for the auctions by 22% on higher domestic ferro chrome prices. However, only limited ferrochrome producers participated in the auctions.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *