High carbon ferro manganese of 25-50 mm from Chhattisgarh fetched price bid of Rs 37919 per ton in a recent reverse e-auction for procurement of the material, according to information with ISMW.
Around 13,500 tons of high carbon ferro manganese was being procured through e-auction procedure.
The start bid was fixed at Rs 40,000 per ton and bidding quotes ranged between Rs 39,396 per ton and Rs 37919 per ton (the lowest bid price).
Source: India Steel Market Watch