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India: FeCr producers look inside on low global demand

Indian Ferro Chrome market is equally dependent on exports as the consumption of Ferro Chrome in the domestic market stands at only 50% of the total sales. With the global market on a downturn, producers in India remained under pressure to conclude deals in the domestic market.
Transparency in the market is creating plentiful problems for the producers, as the traders and buyers are aggressively negotiating for lower prices, knowing very well that the global market is abstaining from procuring Ferro Chrome, and therefore the producers will be more dependent on the domestic market. Prices of Chrome Ore

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