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Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Producers in Meghalaya continue to deal with irregular power supply.

New Ferrosilicon and Ferrochrome Export Duty from 1st May 2021

US imports of 99-99.99% silicon metal were 14,123.2 mt in the first two months of 2021 and were 5,221.1 mt in February 2021.

US imports of 55-80% Si ferrosilicon were 15,737.2 mt in the first two months of 2021 and 7,309.2 mt in February 2021.

Imports of less than 99% silicon metal were 3,060.9 mt in the first two months of 2021 and 1,346.1 mt in February 2021.

Ferrosilicon Bidding Information in April, 2021 (04/02/2021).

Demand from the stainless steel sector and foundries is expected to pick up by April as mills return to the spot market to restock.