India: Bids fall at FACOR's ferro chrome auction as demand softens
At Vedanta-FACOR's ferro chrome auction today, the larger lot of 10-150 mm fetched an H1 price of INR 105,500/t exw, same as the base price. This reflects a drop of INR 1,200/t from the previous 22 Nov'24 auction. The decline in bids is likely due to subdued demand and buyers' continued resistance to higher offers.