Bhutan: Ferro silicon offer drops to INR 128,000/t for June delivery
A major Bhutanese ferro silicon supplier has reduced offer to INR 128,000/t exw for June 2022 delivery, as per latest reports. Meanwhile, Guwahati producers followed the suit. Prices dropped due to weak demand from stainless steel producers and foundries due to low production, while a revision in the export duty on stainless steel also impacted demand and prices.