Tag: India: Ferro vanadium prices remain resilient as special steel demand struggles

Ferro vanadium (FeV 50%) prices rose by INR 3,000/t ($33/t) w-o-w to INR 1,133,000/t ($12,530/t) ex-Raipur on 17 Dece, driven by steady domestic consumption in India despite weaker demand from the special steel sector. Global market sentiment, especially in China, remains cautious due to lower steel production and economic activity, which has cut demand.