Tag: Idcol ferro chrome auction

IDCOL’s ferro chrome auction receives aggressive bidding on lower base price

Apr 20, 2022

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by

Anvita Pandey

in Ferro Chrome

IDCOL conducted an auction for 1,200 t of ferro chrome (lump, chips, and powder) on 19 Apr’22 at its Jajpur plant. Over 800 tons of lump-sized material (10-100mm, Si-4%,) was booked at INR 118,700/t, 8% above the floor price as floor prices were comparatively lower than current market prices. Meanwhile, 50 tons of lump-sized material…