Tata Steel is offering Manganese Ore Fines of grade 33-36% Mn content. This would be of use mostly to those Silico Manganese producers who require it to blend it with high-grade ores.
Ferro Alloys and Mineral Division of Tata Steel has sold over 70,000 MT of Mn ore fines to various leading Silico Manganese and Ferro Manganese producers in the State of West Bengal and Chhattisgarh.
In the view of bullish Manganese alloys market and demand of low-grade manganese ore in India, Tata Steel has decided to sell around 7,500 MT of Mn ore through mjunction services limited. It is understood that the sales will be through an online auction.
| Time (hrs) | Mine Name | Size (mm) | Grade (Mn%) | Quantity (MT) | Lot size (MT) (+/- 10%) | Dispatch Mode |
| 10:00 | FAP-JODA | 00-06mm | 33-36% | 7500 | 2500 | Rake |
Seller: Tata Steel Ltd-Ferro Alloys & Minerals Division (FAMD)
Auction Date: 5th September’2017(Material list provided below)
Type of Auction: Yankee
Silicon Manganese price has increased to INR 68,000/MT ex-Durgapur at the rate of 6% over the previous month and is expected to remain firm for a period of time. Hence, the auction is likely to attract healthy interest from manganese alloys producers.
Leave a Reply