State-run RINL has concluded a reverse auction for 14,000 t (25-50mm) of silico manganese (65-16 grade) on 12 Nov’22. The material was booked at around INR 87,800/t FOR basis (excluding GST). As per SteelMint’s assessment on 14 Nov, silico manganese (60-14) prices stood at INR 73,700/t exw-Visakhapatnam.
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