Author: Rohan Baid
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Indian Ferro Chrome Market on Standstill Awaiting Chinese Stainless Steel Tender Price
Indian Ferro Chrome market has come under pressure given limited buying appetite for Ferro Chrome in China and the underlying weakness in the stainless steel market. Chinese traders are pulling back from taking a position, expecting the major stainless steel firms to substantially lower their purchase price for May deliveries. As a result, there is…