Indian SiMn prices rise to 1-m high on production cuts, rising steel prices

Rising supply constraints amidst production cuts in major producing regions along with rising steel prices have caused sellers to hike silico manganese offers. Prices have increased by about INR 600/t exw in the last one week.

According to SteelMint's estimate, the price of silico manganese in Raipur was INR 63,500/t exw, up INR 600/t w-o-w. Durgapur had a 500/t increase in prices, reaching INR 62,600/t exw. Vizag's pricing increased by INR 500/t as well, to INR 63,800/t. Factors influencing domestic prices Supply shortages – Furthermore, Raipur, which