Market for Manganese alloys to see some improvement by mid of Jan 2013

Silico Manganese & Ferro manganese prices in India
remain firm in the last week of 2012.

According to manufacturers in Raipur, “Market for Silico
Manganese & Ferro Manganese remain stable in the end of 2012. However,
market is improving and there is a positive impulse due to enquiries seen for
exports. So we expect to see some improvement in the market by 2^nd
week of January.”

“Market has bottomed out and I do not see any further down
side from here. There should be an improvement in January. But it will be
mostly in the export market, domestic market may continue to be stable”, said
an exporter from Vizag.