After a 4% slide in the iron ore price on Nov 18th, another selloff on Nov 19th brought losses for the week to over 7% as negative sentiment swamps the market for the steelmaking raw material.
This week, the high-carbon ferrochrome market price was weak and stable. The chrome market was weak and the demand side was poor. The intention to purchase in the market was reduced. The retail market was sluggish in this week with fewer enquiries and more off...