At OMC’s chrome ore auction today, 62,200 t of material was sold out of 93,100 t offered. Bid prices for grades above 48% surged by 3-50% (INR 633-11,324/t) m-o-m, while other grades saw a slight increase of up to 3%. Premiums over the base price reached 51%. Cautious selling by key ferro chrome sellers limited supplies, likely contributing to higher bids.
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