India: Bids continue to rise at FACOR's ferro chrome auction
At Vedanta-FACOR's ferro chrome auction yesterday, the larger lot of 10-150 mm fetched an H1 price of INR 110,500/t exw against the base price of INR 110,000/t exw. Bids increased by INR 2,000/t compared to the previous auction on 21 September 2024. Positive market trends drove this rise post previous auction prices and the recent results of OMC's chrome ore auction.