OMC's chrome ore auction garners poor response

India: OMC’s chrome ore auction garners poor response

State PSU chrome ore miner, OMC, concluded an auction for 35,100 t of chrome ore today. Out of the total quantity, only 2,800 t of chrome ore was booked at the base price, while the rest remained unsold. The base price for the auction had been reduced by 15% on falling ferro chrome prices. However, only a few domestic ferro chrome producers participated in the auction.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *