On February 6, SteelOrbis reported India’s domestic silicomanganese offers at INR 67,500-68,500/mt ($1,052-1,068/mt) ex-works in the regions of Durgapur and Raipur.
Sources inform SteelOrbis that offer prices have rebounded and are presently around INR 69,000-69,200/mt ($1,065-1,068/mt) ex-works within the same regions mentioned above. While the offers have increased in domestic terms, due to currency fluctuations in dollar terms, prices moved toward the upper end of the previous range.
USD = INR 64.15 (Feb 6)
USD = INR 64.80 (Feb 21)