Domestic market sentiments remain steady for Ferro Alloys in
the beginning of September. Prices at mandis' in Eastern part of the country
see some correction due to stock pressure. Whereas, prices remain firm down
South owing to lower production levels.
According to a top official from a manufacturing company in Vizag, “Prices have corrected in
Central & Eastern India as stock pressure might have lead to lowering down
of offers. But we have not corrected our prices as the 3-day a week power
holiday in Andhra Pradesh has hit the production levels. The stock position is
low and it is not feasible for us to cut prices furtherâ€Â.
“SAIL has placed a tender this month & JSW had placed a
tender last month for 10,000 MT of SiMn & FeMn. So, materializing of such
contracts should lower the stock levels further and chances are pretty less for
prices to fall further”, he added.
“There is not much activity in the domestic market. Buying
interest is seen more in the export market. Market players are waiting to get
some direction and we are hopeful to see a better market after 20th
of September”, said another top official from a manufacturing unit in Raipur.
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