Indian ferro vanadium prices on 14 Aug’24 remained stable w-o-w amid sluggish market sentiments. FeV 50% prices stood at INR 1,150,000/t ($13,700/t) exw-Raipur (50% prorate). Ferro vanadium prices remained stable due to limited buying. The market remained subdued with minimal activity focused on essential purchases, further quieted by the holiday season. This price stagnation is directly linked to weak demand for special steels.
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