[Ferro-Alloys.com]

 

On 16 February, Indian ferro chrome (HC 60%, Si:4%) prices stayed stable showing a slight decrease. Prices inched down by INR 700/t ($8/t), reaching INR 117,800/t ($1,419/t) exw-Jajpur. Vedanta-FACOR's ferro chrome auction was closed at INR 117,900 ($1420/t), market awaits OMC's chrome ore auction on 19 February for further clarity on prices. Prices for 304 grade stainless steel increased INR 3,000/t ($36/t) w-o-w to INR 176,000/t ($2,120/t) exw-Mumbai. The primary cause of it was the rise in raw material and futures prices.