Ferro vanadium (FeV 50%) prices in India fell INR 26,300/t ($240/t) to INR 1,116,500/t ($1,314/t) ex-Raipur, as buyers pushed back against elevated offers. Despite firm production costs, resistance from end-users and limited spot inquiries pressured prices downward. Market participants remain cautious, awaiting clearer signals from the special steel sector and improved logistics post-monsoon to support a potential rebound in the coming weeks.
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