Prices of silico manganese (SiMn), an end-product of manganese ore, in Vizag dropped to a three-year low in November 2023 of about INR 63,240/t ($765/t) exw amid limited demand and surplus supply. On a m-o-m basis, November 2023 prices fell 4% compared to October’s INR 65,840/t ($796/t). Silico manganese is used as a de-oxidiser and alloying agent in steel-making. Its prices fell because of the low demand for steel.
