India: Bids show mixed trends across grades at OMC's chrome ore auction

At OMC's chrome ore auction on 19 Jan'26, 74,700 t was sold out of 108,400 t offered. Bids showed mixed trends, with most grades declining 1-4% (INR 223-723/t) m-o-m, while higher grades such as +52% rising by 1% (INR 214-325/t). Meanwhile, below 40% grades increased 4-5% (INR 434-534/t). As compared to base price, premiums went up slightly by 1-5% (INR 100-1200/t).