Indian ferro vanadium (FeV 50%) prices inched up w-o-w by INR 11,000/t ($127/t) to INR 1,096,000/t ($12,609/t) exw-Raipur. A rise in production costs led to manufacturers increasingly reducing output, which ultimately resulted in tighter supply and higher prices. However, with ongoing declines in steel mill bids, market sentiment remained weak, resulting in limited inquiries and sustained price pressures.
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