Odisha Mining Corporation (OMC) fetched a mixed response from buyers in the Chrome ore e-auction held on the 6th of this month. The H1 price for +54 grade increased by 2.23% to INR 12,719/MT as compared to INR 12,441/MT last month.
The impact of the new Foreign Trade Policy (FTP), which reduces export incentive on Ferro Alloys, is being weighed by the market. Indian Silico manganese prices remain stable as the market awaits implications of the new policy to manifest themselves. New FTP