Ferro Alloys News Today

MOIL Limited hit a record monthly production of 116,000 mt of manganese ore in April, marking a 22% YoY growth. As per the company’s regulatory filing, sales also rose by 17% to 111,000 mt.

Indian silico manganese prices surged due to rising manganese ore prices and active demand. With a 2-year high, the recent spike reflects the market's concern over ore shortage. MOIL's manganese ore prices surged 25-40%, driven by reduced import shipments, prompting producers to raise prices.

Taiwan's Yieh United Steel Corp. (Yusco) plans to raise its stainless steel export prices by $100-$150 per ton for the 300 series in May. However, prices of 430 products and 316L product surcharges will remain steady.

UK's auto industry faces a 27.1% dip in car production as manufacturers transition to electric vehicle production. A further 6.2% decrease to roughly 940,000 units is expected this year due to model changeovers.

Amid China's crackdown on non-VAT steel exporters, India eyes a potential surge in steel exports. With China's dominance facing uncertainty, India's competitive capabilities position it as a beneficiary. Will Indian steel seize the opportunity amidst global trade shifts?

China's steel exports surged by 28% in Q1 2024, prompting trade concerns. Despite challenges in the domestic market, China's steel production remains high, leading to increased exports. A few countries are implementing tariffs and trade measures in response, while China plans new export taxes.

Indian silico manganese prices remain strong, supported by slight supply shortages. Current offers in Raipur and Durgapur show significant week-on-week and month-on-month uptrends due to low supply, active demand, and rising input costs, particularly driven by surging manganese ore prices globally.

Q1 2024 sees Ukraine's ferroalloy export slump to a record low of 0.69k tons, a drastic drop from 144.54k tons in Q1 2023. Export revenue experienced a 98.1% decline, resting at $2.42 million.

Strong orders propel the Indian silico manganese market, sustaining price hikes. Demand outpaces supply, prompting suppliers to charge premiums for fast delivery. Input costs rise due to higher manganese ore prices, further buoying prices along with less production, hitting year highs in recent trades.

Indian pig iron prices surge to a 10-month high on active demand, rising steel prices. Tata Metaliks raises prices by Rs 1,000/ton, with other producers likely to follow suit. Foundry-grade prices rise by Rs 1,000-1,500/ton, while steel-grade prices increase by Rs 2,000/ton.