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India: Ferro chrome prices escalate by INR 4,000/t w-o-w

Indian ferro chrome prices shoot up by INR 4,000 to INR 70,000/t amid scant availability of ferro chrome on continued shortage of chrome ore.
Why the shortage of Chrome ore in India? Since the past three months, chrome ore mines have been going through a lot of instability, which has been affecting the production levels. Three major chrome ore mines were auctioned and hence are not operating at present. The mining operations might take another


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