Tag: India: OMC chrome ore auction sees bids rise across most grades

At OMC’s chrome ore auction today, 71,000 t was booked against 71,900 t offered. Most grades saw bids edge up by 1-2% (INR 50-449/t), while higher grades (Cr2O3: 52-54+) slipped 2% m-o-m (INR 407-418/t). Compared to base prices, premiums recorded a modest rise of INR 100-200/t, reflecting mixed buyer sentiment across grades.