India: Vedanta ferro chrome auction receives bids at par with market price

Vedanta (FACOR) conducted a ferro chrome auction on 4 Jan’22 at which the entire quantity on offer received bids. The H1 price was discovered at INR 96,700/t for 10-150 mm high-carbon (HC) ferro chrome. SteelMint assesses HC ferro chrome prices at around INR 96,500/t exw-Odisha.