Vedanta (FACOR) conducted a ferro chrome auction on 21 Dec’21. The entire quantity on offer received bids. H1 price was discovered at INR 109,900/t for 10-150mm HC ferro chrome. A week ago, SteelMint assessed HC ferro chrome prices at around INR 112,000/t. Major ferro chrome smelters are still offering at similar levels while many others have lowered their offers due to weak Chinese demand.
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