Indian ferro manganese exports have fallen by over 22.8% in FY16 in comparison to FY15.
India exported a total of 183,513 MT in FY15 out of which 53,004 was exported to Iran, 29,334 MT was exported to United Arab Emirates, and 23,197 MT was exported to Japan, according to DGFT (Director General Foreign Trade).
In FY16, India exported a total of 141, 554 MT out of which 15,798 MT was exported to Iran, 15,391 MT was exported to Italy, 11,982 MT was exported to Brazil and 11,956 MT was exported to United Arab Emirates, according to DGFT (Director General Foreign Trade).
Indian Ferro Manganese Exports in FY15 & FY16
| Sl.No | Country | FY15 | FY16 |
| 1 | Brazil | 748 | 11,982 |
| 2 | Iran | 53,004 | 15,798 |
| 3 | Italy | 4,052 | 15,391 |
| 4 | Japan | 23,197 | 11,825 |
| 5 | Pakistan | 7,999 | 10,456 |
| 6 | Taiwan | 16,907 | 11,198 |
| 7 | United Arab Emirates | 29,334 | 11,956 |
| 8 | Others | 48,272 | 52,948 |
| 9 | Total | 183,513 | 141,554 |
Quanity in MT
Source: DGFT
The main markets for HC Ferro Manganese from India are other Asian countries and the Middle East, where Indian imports face competition from South Korea and Australia. Indian exports came to an abrupt halt in FY16 primarily as result of the global slowdown that has substantially reduced demand for all steelmaking raw materials, including Ferro Manganese.
Slowing crude steel production, both at home and abroad, has created a challenging environment for Indian producers of Ferro Manganese and very few Indian producers are producing Ferro Manganese looking at the diminished demand. Currently, Ferro Manganese (70%) prices are assessed at INR 54,000-56,000/MT on Ex-Works basis. Indian manganese ferro alloy prices have seen an increase of around INR 17,000-18,000/MT from a month ago. Higher imported manganese ore prices is the main reason for Ferro Manganese prices to shoot up.
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