Indian ferro vanadium prices on 21 Aug’24 stayed anchored on unaltered market demand. FeV 50% prices stood at INR 1,150,000/t ($13,704/t) exw-Raipur (50% prorate due to weak demand for special steels, market demand remained stagnant, with some producers halting operations and only manufacturing upon inquiry. A recovery is expected from Nov’24 as the special steel sector regains momentum, sources informed BigMint.
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