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This week, Indian silicon manganese prices remained stable in the range of steel quotations. The tight supply of raw materials and increased export inquiries help support prices. Due to the consistent trend in raw material costs and considering the uncertainty of the steel pricing market, domestic consumers are actively purchasing on demand. The supply-demand gap continues to exist, and prices remain stable.
The ex factory price of silicon manganese in Raipur is 64,300 rupees per ton (770 US dollars per ton). At the same time, the price of Vizag is 65,000 rupees/ton (779 US dollars/ton), and the manufacturer's quote for Durgabur is 64,200 rupees/ton (770 US dollars/ton), both of which remain stable on a weekly basis.