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India: Cr ore auction booked despite bearish market

Indian chrome ore auctions by OMC were concluded yesterday in the late evening, in which almost the entire offered quantity got booked. Below are some key highlights from the auction:
Total 33,100t of regular chrome ore grades and 80,000t of sub-grade ores were put under auction. Out of which, 1,700t of 44-46% and 900t of 42-44% remained unsold, while the entire quantity of subgrade ores (Cr2O3 less than 40%) was sold. Higher grades of chrome ore (48% and higher) fetched an

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