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India: Ferro chrome prices may start to gain soon

Indian ferro chrome prices have bottomed out and the prices are currently at INR 61,000/t since last few weeks. Although, the demand is yet to recover by a considerable amount. However, with a gradual increase in production levels of Stainless-steel, the demand for ferro chrome might soon witness an uptrend.
Moreover, the supply of chrome ore in the domestic market has been under big uncertainty as OMC hasn’t concluded an auction post May, and the chances for it in the upcoming month is also very low due to unavailability of sufficient chrome ore with OMC. The mining industry was earlier

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