en.Wedoany.com Reported - The Steel Authority of India Limited (SAIL) plans to hold an auction on May 19, 2026, for 610 tonnes of high-carbon ferrochrome (chrome content 57%-63%) for its three plants. SAIL is India's largest steel producer. This procurement involves high-carbon ferrochrome, which will be allocated as follows: 280 tonnes to Durgapur Steel Plant (DSP) and Indian Steel Plant (ISP), with a size requirement of 20-50 mm; and 330 tonnes to Alloy Steels Plant (ASP), with a size requirement of 10-30 mm.

Bid quotations are valid for 60 days from the date of the auction. This means that after the auction on May 19, 2026, the quotations submitted by participating suppliers will remain effective until around July 18, 2026. High-carbon ferrochrome is a key additive in the production of stainless steel and alloy steel, used to enhance the hardness and corrosion resistance of steel.

As of May 6, 2026, BigMint's price assessment for ferrochrome stood at INR 118,600/tonne, on an ex-works Jajpur basis. SAIL's tender aims to meet the production raw material needs of its various plants, with the specific procurement results to be announced after the auction concludes.

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