On February 8, SteelOrbis reported prices for Indian domestic ferrosilicon (70-75 percent) at INR 78,000-79,000/mt ($1,066-1,080/mt) ex-warehouse in the northeast India region.
Sources inform SteelOrbis that prices have declined further and are now reportedly at INR 72,000-73,000/mt ($1,040-1,054/mt) ex-warehouse in the northeast India region, down $26/mt.
USD = INR 73.18 (Feb 8)
USD = INR 69.26 (Mar 29)