A major Bhutanese ferro silicon supplier has reduced offers for Sept’21 to INR 124,000/t, as per latest reports. The decrease can be attributed to limited domestic buying interest from stainless steel producers, as per SteelMint assessment. Meanwhile, producers are unable to export material amidst container shortage, which has resulted in oversupply in the domestic market. Thus, despite higher international prices, domestic prices remain under pressure.
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