India: Bids drop in Vedanta-FACOR's ferro chrome auction
At Vedanta-FACOR's ferro chrome auction yesterday, the larger lot of 10-150 mm achieved an H1 price of INR 106,700/t exw, slightly above the base price of INR 106,000/t exw. Compared to the 11 Nov'24 auction, bids dropped drastically by INR 2,200/t, likely due to subdued ferro chrome demand.