On July 16, SteelOrbis reported domestic silicomanganese offer prices at INR 64,500-65,500/mt ($941-956/mt) ex-works Raipur and ex-works Durgapur regions.
Sources inform SteelOrbis that while prices are generally stable, they have increased slightly in both regions and are reportedly at INR 64,800-66,000/mt ($940-957/mt), down $1/mt from the bottom of the range despite a slight increase in INR terms due to currency fluctuations while up $1/mt from the top of the previous range.
USD = INR 68.54 (Jul 16)
USD = INR 68.97 (Jul 23)