India’s domestic ferrochrome prices up domestically, down in dollar terms

Wednesday, 07 August 2019 00:22:11 (GMT+3)   |   San Diego
       

On August 1, SteelOrbis reported Indian domestic ferrochrome (HC 60 percent) prices at INR 62,500-63,500/mt ($903-917/mt) ex-works.

Sources now inform SteelOrbis that prices are trending at INR 63,000-63,800/mt ($888-899/mt) ex-works. Due to currency fluctuations, despite higher domestic prices, prices in dollar terms decreased $15/mt from the bottom of the previous range and $18/mt from the top of the same range.

USD = INR 69.24 (Aug 1)

USD = INR 70.93 (Aug 7)


Most Recent Related Articles

Uptrend of Indian pellet export prices slows down as buyers become cautious

Indian pellet export prices continue to surge, sales volumes increase

Import scrap prices in India rise due to UAE export ban, demand weak

Indian pellet export prices touch two-month high

Rising import scrap prices in India and mills’ tight liquidity limit trade