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India: Weak exports dents ferro chrome prices

Indian ferro chrome prices came down significantly by INR 1,000-1,500/t in line with dull demand in domestic and exports market. Since India relies heavily on ferro chrome exports, dull demand from exports have an immense negative effect on the prices of ferro chrome.
Why such fall in prices despite high ore prices? Domestic ferro chrome producers are currently selling material at little to no profit margins, as they need to liquidate stocks. Most of the producers have refrained themselves from exports as the prices are even lower than domestic levels. However, this is having

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