HBIS plans to procure 8,080 t of silico manganese (grade 65-17) in May’24 which is down by 37% m-o-m, against 12,800t in Apr’24. While HC Ferro manganese (FeMn 65, C7.0) dropped by 6% to 5900t in May’24 , which represented a m-o-m decrease against 6,300t last month. Procurement allocations across units have also been adjusted. Reasons for the decline are unclear but could involve strategic inventory management.
