Ferro silicon prices regained grounds on improved demand and lack of material in the market.
SteelMint assessed weekly ferro silicon price at INR 62,000/MT (Ex-Bhutan). Ferro Silicon market found some hopeful expectations for future price increases as inquiries picked up
“The ferro silicon market is supported with demand from steel mills, and buyers are generally willing to pay more. This provides leeway for a stronger market this week, but there is scarcity of material,” stated a producer from Bhutan.
Domestic Ferro Silicon Prices Up
Ferro silicon prices in the domestic market have increased amid rising demand and tight supply
SteelMint assessed weekly ferro silicon price at INR 60,000/MT (Ex-Guwahati). Prices edged higher this week on stronger margins for steel producers, with demand particularly firm.
Market watchers are assuming that market condition to change soon. SteelMint assessed that in the coming 1-2 weeks, ferro silicon market should run steadily.
Exchange Rate : USD 1 = INR 66
Leave a Reply