The Ferro Silicon market was relatively steady as prices remain unchanged. Market sources reported of good demand from sellers.

Ferro Silicon prices remain firm as market sources reported of deals from Europe. Ferro Silicon (70-75) is being traded in the range of INR 76,500 – 77,000/MT (Ex-Bhutan). In the export market, Bhutanese producers are offering Ferro Silicon at around USD 1,290/MT FoB Kolkata. Bhutanese producers reported of low but frequent order from companies like TATA & SAIL, but demand from the Indian stainless steel market is very weak.

In line with steady prices in Bhutan, Indian producers have also kept their offers firm. Current price of Ferro Silicon (70-75) is at around INR 74,000- 74,500/MT in Guwahati. Indian producers reported of decent buying activity from domestic users.

[su_quote]A Meghalaya based producer said, “I expect the price of Ferro Silicon to remain steady in this month as there is good demand in the market.”[/su_quote]

SteelMint assessed that the Ferro Silicon market to remain stable in February and prices remain around current level. Market watchers are uncertain about any price rise and most of them expect that market condition to remain stable for this month.

Exchange Rate: USD 1= INR 62.49