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Indian FeCr price up on severe ore supply shortage

Indian ferro chrome market is facing an acute shortage of chrome ore and thus the production of ferro chrome is severely hampered. Only a handful of producers are left with any inventory of chrome ore as OMC hasn’t held any chrome ore auctions since May’20 (except the sub-grade ores which received very modest response).
However, the private miners are now with an advantage and have sold chrome ore at around INR 4,000/t higher from last month's prices. This has further added to the cost of production of ferro chrome by approximately INR 10,000/t. Meanwhile, since the major ore reserves are with OMC and TATA, and

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