Tag: Indian Ferrochrome Prices
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India: Vedanta ferrochrome auction finds no takers
Vedanta (FACOR) held the auction for 2,695t of ferrochrome. However, the auction received no bids for the base price of INR100,000/t and therefore was recalled at INR 99,000/t. However, still no interest was noted and therefore the auction was cancelled. There is ambiguity in the market regarding ferrochrome pricing and the buyers are thus unwilling…