Vedanta (FACOR) conducted an auction today for 1,500 t of ferro chrome. The entire quantity on offer received bids, as per SteelMint reports. As most of the major producers don’t have much material to offer in the domestic market, the auction witnessed aggressive bidding. It fetched prices which stand at a level similar to those prevailing in the domestic market. Current prices for HC ferro chrome are at INR 104,000/t, ex-Jajpur.
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