Indian manganese alloys producers have raised their offers for silico manganese and ferro manganese on bullish sentiment in the market.
Manganese Alloys producers in India were very bullish, as prices rose by INR 2,000-3,000/MT within the week.
Offer price for silico manganese 60-14 have increased to INR 60,000 /MT (Ex-Durgapur) and INR 59,000 /MT (Ex-Raipur) and ferro manganese 70% min offers have risen to INR 69,000/MT (Ex-Durgapur) and INR 70,000/MT (Ex-Raipur).
Market sources reported of increased demand, heightened by the strengthening of the Steel market in India.
SteelMint gathered that people foresee April as a strong month, as they expect to see more consumption across the entire value chain in steel production.
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