FeCr: Chinese FeCr Tenders Fuels Indian Prices
May 29, 2020 10:00
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Indian Ferro Chrome prices have increased by INR 1000/MT W-o-W owing to the escalation in the Chinese Ferro Chrome prices. There is a positive notion in the market for exports, most of the producers are concluding deals with the merchant exporters. However, the domestic demand for Ferro Chrome remains near to absent; as the Stainless-Steel mills are yet to start procuring.
Indian economy is passing through an unprecedented phase, and this has adversely affected Stainless Steel demand from downstream industries like automobile and Infrastructure. Also, demand from the retail market like utensils, remain closed. This in line has squeezed the demand for Ferro Chrome in the domestic market and the limited