Tag: Indian Ferro Chrome Prices
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India: Ferro chrome prices spike amid hike in domestic chrome ore prices
Indian ferro chrome prices increased by around INR 3,600/tonne (t) w-o-w due to a positive response to OMC’s chrome ore auction on October 19. High-grade material (52-54%) was booked at a 35% premium over the base price. This bullish response signalled a sudden green shoot of optimism amid an increase in production cost by around…