Tag: OMC’s chrome ore auction result

India: Bids prices drop m-o-m in OMC’s chrome ore auction

Apr 20, 2024

—

by

Anvita Pandey

in Chrome Ore

OMC has sold 65,000 t of chrome ore from South Kaliapani and Sukrangi mines at its recent auction. Bid prices dipped INR 403-1,148/t (3%-26%) compared the Mar’24 auction. Bid prices dropped on declining ferro chrome prices and a bearish stainless steel market over the last one month. However, the auction fetched premiums of INR 2,000-9,200/t…