India: Vedanta ferro chrome auction receives bids by up to INR 113,200/t

Indian ferro chrome producer Vedanta has concluded its monthly auction of ferro chrome. The 1,000 t lot (10-150 mm) that was auctioned received bids at nearly the market price at INR 107,100/t. Meanwhile, for the 300 t lot, in which the minimum bid quantity was 25 t, the H1 bid was recorded at INR 113,200/t. SteelMint assesses domestic ferro chrome lumps prices at INR 107,000/t ex-Jajpur.