RINL conducted a reverse auction for 6,000 t of ferro manganese (HC 70%, Size: 25-50 mm) on 6 Jan’24. The entire material was booked at around INR 78,600/t FOR (including GST and GEM portal charges). Excluding GST and GEM portal charges, prices were at around INR 66,300/t FOR. SteelMint’s assessment of ferro manganese (HC 70%, Size: 25-150 mm) prices stood at INR 65,000/t exw-Raipur on 22 Jan.
