Tag: India: Medium-carbon silico manganese prices decline on weak demand

Weak steel demand continues to pressure market Cautious buying and oversupply weigh on prices Indian medium-carbon silico manganese (Mn 53%, Si 20%, C maximum 0.5%) prices dropped by INR 1,900/t ($20/t) w-o-w to INR 89,600/t ($935/t) exw-Durgapur on 14 May. The downturn was primarily driven by weak demand and need based purchases. Prices declined as…