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India: Scarce ferro chrome supply boosts prices

The ferro chrome prices in India have continued to strengthen on tight availability and improved domestic demand.
Key Highlights: A leading ferro chrome manufacturer confirmed a deal concluded at INR 73,500/t ex-works for 350 tonnes of grade 60% Cr (medium Phos). However, after this deal, the same Company is not offering more material in the market as it anticipates a further rise in prices very shortly. According to our estimates,

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