India: Ferro vanadium prices remain steady w-o-w on limited market movements

Indian ferro vanadium (FeV 50%) prices remained stable w-o-w, with a slight decline of INR 500/t ($6/t) w-o-w to INR 1,115,250/t ($13,209/t) exw-Raipur. With stagnant demand and limited transactions, manufacturers faced challenges in clearing inventory amid rising cost pressures. The market is expected to remain stable in the short term, with minimal price fluctuations.