Manganese Ore India Limited (MOIL) has issued a notice for auction of 6,385 t of high-carbon (HC) ferro manganese, ferro manganese slag, and manganese ore of dioxide grade on 29 Jul’21. Out of 6,385 t, around 1,100 t consists of different grades of HC ferro manganese (Mn 63-72%) from MOIL’s Balaghat ferroalloys plant. At MOIL’s previous auction on 29 Jun, 70-72% grade material was booked at INR 99,800/t – up by 15.5% against the previous auction held on 29 May.
According to customs data, South Korea’s exports of ferro manganese went up slightly by 3.3% m-o-m in Jun’21. Netherlands remained the largest importer with 2,690 t in Jun followed by the USA and India. Indian imports increased by 34.1% m-o-m in Jun due to supply-demand mismatch in the domestic market. However, silico manganese exports decreased significantly by 51% m-o-m in Jun compared to May.
State-owned MOIL conducted an e-auction on 29 Jun’21 for 1,100 t of high-carbon (HC) ferro manganese of different grades (63-72%) from its Balaghat plant. As per SteelMint reports, one lot of 1,000 t of ferro manganese (70-72%) was booked at INR 99,800/t, 2.25% higher than the floor price. Robust demand and tight supply resulted in a good response from buyers at the auction. SteelMint assesses ferro manganese (HC 70%) at INR 104,000/t, ex-Raipur.
Manganese Ore India Limited (MOIL) has issued a notice for auction of 6,275 t high-carbon (HC) ferromanganese, ferromanganese slag, and manganese ore of dioxide grade on the MSTC platform on 29 Jun’21. Out of 6,275 t, around 1,100 t consists of different grades of HC ferromanganese (Mn 63-72%) from MOIL’s Balaghat ferroalloys plant. At MOIL’s previous auction on 29 May, 70-72% grade material was booked at INR 86,400/t – up by 4.6% against the previous auction held on 28 Apr.
State-owned MOIL conducted an e-auction for 350 t HC ferromanganese of different grades (63-72%) on 28 May’21 from its Balaghat plant, as per SteelMint reports. One lot of 250 t of ferromanganese (70-72%), was booked at INR 86,400/t – 4.35% higher than the floor price. Another lot comprising 50 t of material (68%) was booked at INR 81,400/t -1.24% higher than the base price. However, the remaining 50 t of low-grade (63-64%) material didn’t receive bids. Firm demand resulted in the auction attracting active participation. SteelMint assesses ferromanganese (HC 70%) at INR 90,000/t, ex-Raipur.
Manganese Ore India Limited (MOIL) has issued an auction notice for 7,175 t of HC ferromanganese, ferromanganese slag and manganese ore of dioxide grade through the MSTC portal. Out of this, 350 t is of different grades (Mn 63-72%) of HC ferromanganese in four different lots for its Balaghat Ferro Alloys Plant. The auction is scheduled on 28 May’21. At the previous auction, Mn 70-72% grade material was booked at INR 82,600/t.
Turkish Silicomanganese imports increased by 47.6% m-o-m in Mar ’21 in line with rising demand on account of higher crude steel production. According to World Steel Association, production of crude steel in Turkey went up by 13.33% m-o-m to 3.4mn t in Mar ’21. However, Turkish Ferro Manganese imports fell by 25.2% m-o-m in Mar’21. The current Silicomanganese price is at around $1,200/t (60-14) FOB India.
Manganese Ore (India) Limited (MOIL) conducted an e-auction of 725t HC ferromanganese of different grades (HC 63-72%) on 28th Apr’21 from their Balaghat Plant. The entire quantity of 600t HC ferromanganese (70-72%) was booked at INR 82,600/t (1.23% increased to floor price). The current market price of Ferromanganese (HC70%) is at 86,000/t Ex-Raipur.
Malaysia-based manganese alloys producer Sakura Ferroalloys declared force majeure because of a transformer breakdown, a credible source shared with SteelMint. It is expected that the shipments from Sakura will be affected for the month. In Feb ’21, India imported 2,223t of ferromanganese from Malaysia, which was entirely from Sakura. The annual ferroalloys production capacity of Sakura is 107,000tpa.
Japanese ferroalloys imports decreased by 26.4% m-o-m in Feb’21. Production cuts in South Africa and increased prices are the major factors behind the decline in Japanese ferroalloy imports. Moreover, the fall in Ferroalloys imports by Japan can be attributed to lower crude steel production in the said country, down by 5.6% from Feb’20, as per World Steel Association.