Indian ferro vanadium (FeV 50%) prices edged by INR 6,000/t ($70/t) w-o-w to INR 1,077,000/t ($12,539/t) ex-Raipur, as steel sector demand weakens due to seasonal construction slowdowns. With steel mills slashing prices, alloy producers face cost-pressure and shrinking margins. One producer noted reduced purchase volumes and growing difficulty in maintaining profitable operations under current conditions.
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