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India: Ferro silicon rates plunge on weak pre-Diwali demand

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Ferro silicon (70% quality) costs stood at around INR 130,000-132,000/ t in Guwahati on exw basis, according to SteelMint's analysis on 21 October 2022. On the other hand, Bhutanese manufacturers held offers at around INR 133,000-135,000/ t on exw Bhutan basis. Market highlightsThe market observed weak demand as the bulk of purchasers were

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Indian ferro silicon prices plunged by INR 3,600/t w-o-w with negligible trade seen last week, due to weak demand....

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