Export market for Ferro
Alloys remained dull this week. No major deal was heard being concluded so far
and export offers remained unchanged at $1080-1100/MT for Silico Manganese 65/15.
According to a top
official from a major manufacturing company in West Bengal, “Market is not so
good. Weakening of Dollar has hit the market sentiments and No big deals are
heard in past 3 days. Indian Steel market is said to improve in the last
quarter of 2012. So we hope to see some improvement in trading activities by
end of October”.
According to another
official from a manufacturing company in Vizag, “Demand is not so high in both
domestic & export market. We have recently sold Silico Manganese 60/14 at
$1085 (CIF Nigeria). Whereas, prices for domestic market is kept firm at Rs
53,000/MT as Power crisis in South have kept the production level low”.
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