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India: MOIL lowers manganese ore prices for all grades in Sept

Source: Steelmint Sep 03, 2024 10:00

MOIL, India's leading manganese ore producer, announced new prices starting September 1, 2024. Manganese ore with grades above 44% saw a 20% price reduction, while grades below 44%, including SMGR and fines, experienced a 15% decrease.

Factors impacting prices: Imported manganese ore offers to India at 6-month lows: Imported manganese ore offers to India hit six-month lows in August 2024. Offers for the benchmark Mn37% lumps from South Africa to India fell to $4/dmtu, the lowest since end-February 2024. The high-grade imported Mn ore is hovering at