- Bids for larger lots stood at INR 122,700/t exw at previous auction
- Ferro chrome prices currently at INR 122,800/t, supported by stable trade
Vedanta-Ferro Alloys Corporation Ltd (FACOR) has scheduled an auction for high-carbon ferro chrome (Cr: 53-57% min, 10-150 mm) on 15 July 2026, with minimum allowed bid quantities of 30-300 t. The auction will commence from 2:30 PM IST.
The auction will feature 3 lots:
- Two of HC ferro chrome (Cr:57% min, 10-150 mm)
- One of HC ferro chrome (Cr:53% min, 10-20 mm)
At the previous auction on 24 June, bids stood at INR 122,700/t ($1,282/t) exw for the larger lot (Cr: 57% min), up by INR 1,500/t ($16/t) from the base price. The stronger bids reflected improved buying interest amid rising chrome ore costs and tight domestic spot availability.
Currently, ferro chrome (HC60%, 10-150 mm) prices are at INR 122,800/t ($1,283/t) exw-Jajpur, as per BigMint’s assessment on 10 July. Prices have largely held steady this month, supported by steady trades and firm seller offers. However, stainless steel demand still remains moderate.
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