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India: FeCr prices inch down as demand softens further

Indian ferro chrome producers are now offering ferro chrome at INR 66,000/t in line with limited demand from the domestic market. Buyers are negotiating for lower prices, while producers are now firm with their offers as they don’t have scope for further correction.
The ferro chrome producers are holding on to their offers and waiting for the next round of OMC chrome ore auctions, before deciding on revising prices. OMC, a major merchant miner of chrome ore will conduct auctions for the sale of chrome ore on 10th Dec '20. However, the base

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