India: MOIL’s ferro manganese auction receives moderate response

State-run Manganese Ore India Limited (MOIL) conducted an e-auction for 400 t of HC ferro manganese of different grades (HC 63-72%) on 27 Aug’21 from its Balaghat plant. The entire quantity of 300 t of ferro manganese (70-72%) was booked at INR 98,600/t (4.5% higher than the floor price). The current price of ferro manganese (HC 70%) is at 100,000/t ex-Raipur.