India: Fecr prices plunge to over 3-m low amid bid-offer gaps, drop in auction bids

Source: BigMint Dec 09, 2024 10:00

Bids at FACOR's auction decline for 3rd straight time. Chinese prices fall on production cuts at steelmakers.

Indian high-carbon ferro chrome (HC60%, Si:4%) prices fell by INR 1,050/tonne (t) ($12/t) w-o-w as compared to the previous assessment on 27 November. Prices have plunged to over a three-month low, last seen on 21 August 2024, amid a widening bid-offer gap and the subdued response at Vedanta-FACOR's latest