High carbon ferro manganese of 25-50 mm, 10-30 mm and 25-100 mm from Jharkhand and West Bengal fetched price bid of Rs 38039 per ton in a recent reverse e-auction for procurement of the material, according to information with ISMW.
Around 7,450 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 38,815 per ton and Rs 38039 per ton (the lowest bid price).
Source: India Steel Market Watch