India: Ferrochrome prices down to 6-month low amid slow buying

Source: Steelmint Jul 25, 2022 08:30

Indian ferro chrome producers had to lower their offers yet again this week in order to close deals amid slow buying.

Price drops have reached 6-month lows, according to SteelMint data. The market has been experiencing limited demand since mid-May. According to the assessment on 21 July, small-scale producers and traders offered at around INR 101,000-102,000/t exw-Jajpur, while some major sellers were offering at around INR 102,000-103,000/t exw-Jajpur. Around 2,200 tonnes of

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