India: FeCr prices rise before OMC chrome ore auctions

Indian ferrochrome prices are on an uptick after the Chinese tender prices were released today morning. Meanwhile, increased prices for the 200 series, Stainless-steel has provided support to the increased ferrochrome prices.

Currently, producers are offering at INR 73,000/t ex-Jajpur Given its current domestic issues, China is preferring to import Exporters are offering ferrochrome at cents 73/lb for CNF China The domestic market is also facing supply shrinkage as many producers don’t have much material to offer and the producers with good inventory hold