INDIA: Ferro Chrome tender by IDCOL to be opened today

SteelMint spoke to a top official from IDCOL (Industrial
Development Corporation Odisha Ltd.) regarding the current tender they have
floated to sell HC Ferro chrome.

Speaking about the tender he said, “We have floated a tender
which is to be opened today. We are offering HC ferro chrome on 60% Cr. &
58% Cr. prorata basis Ex-IFCAL Jajpur . Our previous tender for HC 60% was
settled at Rs 62,500 (Basic) and this time we do not expect to see much higher prices. Bids of around Rs 62,000 could be considered as a good price to settle the
tender”.


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