India: FeCr price up on positive demand-supply dynamic
Aug 14, 2020 10:00
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Indian ferro chrome prices have been laying low for quite some time now and few ferro chrome producers are out of the market due to continuous losses. However, due to pandemic led lockdown, the raw material supply was disrupted, which is still continuing due to the monsoons.
OMC and TATA Steel, both of the major miners are producing at much lower capacity or not producing chrome ore and can only fulfil the previous orders. Meanwhile, with the increased rainfall, the lifting of materials is also getting affected.
Furthermore, the improvement of Stainless steel demand is strong, and the