Ferro Alloy Producers in Andhra Pradesh Implement 40% Production Cut

Business Line reported that some ferro alloy producers in India have cut ferrochrome production following tariff hikes.

As quoted in the market news:

The 50 per cent hike in power tariff has increased production cost by Rs 4,000 a tonne for ferro chrome and ferro manganese and Rs 9,000 for ferro silicon.

Click here to read the full Business Line report.