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India: FeCr tags plunge to over 1-y low amid fall in auction bids, tender prices

Source: BigMint Jan 13, 2025 10:00
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High-carbon FeCr Global Price Trading
Bids fall by $51/t at FACOR's latest auction. TISCO reduces Jan'25 tender price by $55/t.
Indian high-carbon ferro chrome (HC60%, Si:4%) prices fell by INR 2,800/tonne (t) ($33/t) w-o-w in comparison to the previous assessment on 1 January 2025. Prices plunged to their lowest point since July 2023, mainly due to lower bids at Vedanta-FACOR's latest auction and lower realisations in the export segment.   As

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