Author: Ankita Chakraborty
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Indian ferro chrome prices rise on increased domestic buying, China demand muted
Indian ferro chrome prices registered a significant hike of around INR 2,000/tonne (t) on improved domestic buying. Despite weak demand from China, Indian producers raised prices on increased demand from the domestic stainless and special steel units. Notably, China consumes around 30% of the India’s total ferro chrome production. With Chinese buyers retreating, Indian traders had…