India’s ferro chrome production fell 26% y-o-y, slipping from 0.95 mnt in H1CY’24 to 0.70 mnt in H1CY’25. Subdued stainless steel demand and softer domestic prices forced several producers to curtail output. Notably, four key suppliers, with combined annual capacity of 0.7 mnt, reported sharp output reductions of 32-70% y-o-y in Q1CY’25 as they shifted to production of other alloys like manganese alloys and other variants of ferro chrome like low-silicon and low-carbon ferro chrome.
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