On March 9, SteelOrbis reported prices of Indian domestic ferrosilicon (70-75 percent) down at INR 99,400-100,000/mt ($1,526-1,535/mt) ex-warehouse on slight product oversupply.
Sources report that prices have declined further, and prices are now reportedly at INR 99,000-99,400/mt ($1,522-1,528/mt) ex-warehouse. Prices decreased $4/mt from the bottom of the range and $7/mt from the top of the same range.
USD = INR 65.15 (Mar 8)
USD = INR 65.05 (Mar 30)