Tag: India: Medium-carbon silico manganese prices continue to fall amid lower-rate transactions

Weak steel demand limits market recovery Discounted transactions keep market under pressure Indian medium-carbon silico manganese (Mn 53%, Si 20%, C maximum 0.5%) prices dropped by INR 2,100/t ($22/t) w-o-w to INR 87,500/t ($909/t) exw-Durgapur on 21 May. Prices continued to decline this week as buyers secured material at lower rates amid weak alloy steel…