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Liquidity has been reduced on the spot market, with producers having low volumes of material available.

Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China dipped by $1 per tonne on October 26 to $154 per tonne.

Some of these higher offers, especially those for high-grade material, have gained acceptance in the market and deals have been concluded at these levels.

Mining Executives Optimistic On Economic Growth

Fortescue posts solid start to FY22

Global crude steel production falls for fourth consecutive month

Nation ramps up efforts to curb coal consumption

imfa: IMFA Q2 results: PAT jumps over 3 folds to Rs 144 crore