India: Bids edge down m-o-m at OMCs chrome ore auction
At OMC's chrome ore auction today, 70,900 t was sold out of 124,400 t offered. Bids moved down m-o-m for all grades by 0.4-7% (INR 96-1,826/t). As compared to base prices, bid premiums were largely stable. The recent stagnation in the ferro chrome market accounts for the drop in bids.