Indian ferro vanadium (FeV) prices inched down by INR 9,250/t ($110/t) w-o-w on Wednesday amid pessimistic market environment. FeV 50% prices were at INR 1,122,000/t ($13,362/t) exw-Raipur (50% prorate). The continual decline in demand for special steels has impacted domestic ferro vanadium prices so far. In the near term, prices may decline further as the market continues to resist higher offers.
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