At OMC’s ferro chrome auction yesterday, 3,050 t was sold from 3,600 t offered. As per reliable sources, the 1,500 t lot (Cr: 60-64%, Si: 4%, 10-100 mm) was booked in the price range of INR 108,700 – 108,800/t exw, up by INR 9,100- 9,200/t over base price. Another 100 t high-carbon lot (Cr: 60-63%, Si: 2%) closed at INR 111,500-111,600/t exw . Tight supplies and a rise in bids at the recent chrome ore auction likely contributed to the increase.
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