Indian ferrochrome prices are on an upward trend after Chinese tender prices were released this morning. Meanwhile, higher prices for the 200 series, stainless steel, have provided support for increased ferrochrome prices.
Currently, producers are bidding at INR 73,000/t ex-Jajpur Given the current domestic problems, China prefers to import Exporters are bidding ferrochrome at 73 cents/lb for CNF China The domestic market is also facing a supply shortage as many producers do not have much material to offer.
Source: mysteel.net
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