On February 26, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 67,500-68,000/mt ($951-958/mt) ex-works.
According to sources close to SteelOrbis, prices have improved as a result of higher ore prices. Prices are now reportedly at INR 68,000-68,300/mt ($963-968/mt) ex-works, up $12/mt from the bottom of the previous range and up $10/mt from the top of the same range.
USD = INR 71.01 (Feb 26)
USD = INR 70.59 (Mar 5)