Indian ferromanganese market has not shown any positive movement recently, and the price for the high carbon ferromanganese 70% keeps stable at INR46,000-48,000/t (USD874-912/t)
Players do not anticipate the market can get better in near term, but they are optimistic that the market will rebound when the world economy improves.
An Indian producer with an output of 1,200t of high carbon ferromanganese 70% indicates the rate for the material at INR46,000-47,000/t (USD874-893/t/t) ex works this week, no change from last week, but they can hardly make deals in the past few weeks. “There is not much demand from the market. The steel mills reduce the output due to the demand shrinkage from both domestic market and export market.
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