On May 6, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 67,000-67,300/mt ($967-971/mt) ex-works in the Raipur and Durgapur regions.
According to sources, prices have slightly dampened on a bearish steel market in India and are at INR 65,800-66,200/mt ($933-938/mt) ex-works in both regions. Prices decreased $34/mt from the bottom of the previous range and $33/mt from the top of the same range.
USD = INR 69.32 (May 5)
USD = INR 70.56 (May 13)