OMC has reduced the base price for its upcoming chrome ore auction on 18 Jul’22 following a drop in domestic ferro chrome prices by 4% m-o-m on 14 Jul. The South Kaliapani Chromite Mines’ chrome ore base price has decreased by 2% m-o-m. Meanwhile, the Sukrangi Chromite Mines’ floor price has dropped around 6% on the month compared to the previous auction held on 17 Jun.
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