India: Bids drop at Vedanta-FACOR's ferro chrome auction
At Vedanta-FACOR's ferro chrome auction today, the larger lot of 10-150 mm achieved an H1 price of INR 108,900/t exw, slightly above the base price of INR 108,800/t exw. Compared to the 30 Sep'24 auction, bids dropped by INR 1,600/t, likely due to subdued stainless steel demand and resistance to higher offers.