Indian ferro vanadium (FeV 50%) prices remained steady w-o-w at INR 1,098,000/t ($12,588/t) exw-Raipur, down slightly by INR 2,000/t ($23/t). Prices held firm, though increased production cuts by manufacturers and weak downstream demand persist. Despite higher bidding from steel mills, price cuts affected market sentiment. With limited inquiries and insufficient confidence, the outlook for the ferro vanadium market remains cautious.
Leave a Reply