On July 11, SteelOrbis reported prices for Indian domestic ferrosilicon (70-75 percent) at INR 68,800-70,500/mt ($1,005-1,030/mt) ex-warehouse in the northeast India region. Sources inform SteelOrbis that domestic ferrosilicon continues trending stable. Prices are now reportedly at INR 68,800-70,500/mt ($999-1,024/mt) ex-warehouse in northeast India. Due to currency fluctuations, both the bottom and top of the range decreased $6/mt compared to a week ago.
USD = INR 68.47 (Jul 11)
USD = INR 68.86 (Jul 19)