Indian ferro chrome prices have risen by an astonishing INR 15,000/t w-o-w. This sharp rise can be attributed to the increase in Chinese domestic prices due to rising production costs clubbed with limited production. Meanwhile, stainless steel prices have also increased, providing the buyers a margin to pay higher for ferro chrome. Quotations increased to INR 96,000/t Ex-Jaipur yesterday; however, bulk deals have been concluded at INR 95,000/t.
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