Indian ferro molybdenum prices rose this week.

Indian silico manganese prices continue to rise owing to supply tightness.

OMC has adjusted the base price marginally for its forthcoming auction of 56,000 t of chrome ore from South Kaliapani and Sukrangi mines on 19 Feb'24.

Prices of Indian imported manganese ore Mn: 37-46% remained consistent.

On 16 February, Indian ferro chrome (HC 60%, Si:4%) prices stayed stable showing a slight decrease.

Spot electricity prices in the day-ahead market at the Indian Energy Exchange (IEX) fell by 8%.

AISI: US Raw Steel Production in the week ending on February 10, 2024.

JSW Steel, India's leading private sector steelmaker, has announced its plan to set up a new steel manufacturing complex with an annual capacity of 13.2 million tonnes in Paradip, Odisha.