In the domestic market, IDCOL had floated a tender of Qty 2000 tons for HC ferro chrome that closed on 14th March. The material received bids of Rs 71,145/MT (for HCFC 4/8). Price at which the previous tenders were settled were- HCFC (4/8) Lumps at Rs 71,165/ MT and HCFC (2/8) Lumps- Rs, 73,165/MT Basic Ex-IFCAL, Jajpur, Odisha. This month they haven't opened tender of HCFC (2/8) lumps due to poor industrial demand.
In the international market, FeCr prices remained flat. Indian producers were heard offering at HC FeCr at 102 cents/lb CIF Japan for 60% chrome, 3.5% silicon and 7-9% carbon material for loading in late March to April. But there were no deals reported at these rates.
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