Tag: India OMC ferro chrome auction receives moderate response
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India: OMC’s ferro chrome auction receives subdued response
OMC’s ferro chrome auction yesterday saw limited interest, with just 300 t sold of the 6,900 t offered. This included 250 t of the high-carbon grade (Cr: 60-64%, 10-100 mm) at INR 99,000/t exw ($1,155/t) and 50 t (Cr: 55-60%, 10-25 mm) at INR 90,750/t exw ($1,059/t), both at the base price. Market sentiment remains…