Tag: OMC Chrome ore auctions
-

India: OMC chrome ore auction receives a moderate response
Indian chrome ore miner, OMC reduced the base price of chrome ore by around 25% m-o-m for the auction held today in line with the falling ferrochrome prices. Only 42% of 35,100t received bids at the floor price. Due to the postponed auction, most smelters are running out of chrome ore supplies. However, participants were…