India: FeCr offers inch up w-o-w on supply tightness, rising export demand

Source: BigMint Feb 17, 2025 10:00

Poor margins prompt production cuts. INR depreciation supports export tags.

Indian high-carbon ferro chrome (HC60%, Si:4%) prices moved up by INR 1,000/t ($12/t) w-o-w compared to the assessment on 5 February. Prices increased following material shortages and a boost in export demand. As per BigMint's assessment on 12 February, Indian high-carbon ferro chrome (HC60%, Si:4%) prices stood at INR 98,500/t