SAIL’s Alloy Steel Plant (ASP) procured 65 t of ferro molybdenum (Mo 60% min, 10-50 mm) through a reverse auction held on 17 Feb’26. According to market sources, the entire quantity was booked at an L1 price of about INR 2,721,000/t FOR ($29,892/t), excluding GST and including GeM portal charges. BigMint assessed ferro molybdenum (Mo 60%, 10-100 mm) prices at INR 3,760,000/t ($41,282/t) exw on 18 Feb’26.
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