Moil isoffering 1200 MT of High Carbon Ferro Manganese (78%) , 144 MT of High CarbonFerro Manganese (74%) , and 48 MT of High Carbon Ferro Manganese (73%) from itsBalaghat plant. SteelMint assessed that current prices of Ferro Manganese offeredby local manufacturers in Raipur stand at Rs. 53,000 (65% Mn) , Rs. 55,000 (70%Mn) , Rs. 60,000 (75% Mn) – All prices are basic.
The tenderwill close on 23 April, 2013 at 3 p.m.
Most marketparticipants from Raipur indicated that demand from Andhra Pradesh hasincreased, as the power tariff hike has resulted in production cuts by almost50% in A.P. A broker from Raipur also highlighted that, “There is constantdemand now for Ferro Alloys, as the uptick in steel prices was helping to boostmarket confidence, besides it is about time to produce-to-capacity.
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