On July 25, SteelOrbis reported prices for Indian domestic ferrosilicon (70-75 percent) at INR 67,200-69,000/mt ($973-999/mt) ex-warehouse in the northeast India region.
Sources inform SteelOrbis that domestic ferrosilicon prices are trending stable in domestic terms at INR 67,200-69,000/mt ($965-990/mt) ex-warehouse in northeast India. Due to currency fluctuations, prices decreased $8/mt from the bottom of the previous range and $9/mt from the top of the same range.
USD = INR 69.10 (Jul 25)
USD = INR 69.67 (Aug 2)