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Ferro silicon prices in India were INR 88,400/t ($1,053/t) exw-Guwahati, as an assessment on 12 August. Bhutan's prices also fell by INR 1,200/t ($14/t) w-o-w to INR 89,800/t ($1,069/t) exw.

US producers claim that the price spread on ferrosilicon sourced from Russia,Kazakhstan, Malaysia and Brazil is as high as 212%, which is seriously damaging the local industry.

Indian ferro silicon (FeSi:70%) prices remained largely stable, with a minor drop by INR 50/t ($1/t) ex-Guwahati and Bhutan.

India: RINL conducts a reverse auction for 1,700 t of ferrosilicon.

Plans to construct a state-of-the-art plant to produce ferroalloys in Ekibastuz, Pavlodar Region, with a production capacity of 80,000 tons of ferrosilicon annually, were announced during a Dec.

China’s ferro-silicon market has displayed weak momentum since the beginning of 2023, with decreasing supplies and demand between January and May 2023.

Brazil’s ferro silicon exports increased by 23% to 17,965 t in Mar 23 compared to 14,554 t in Feb 23.

The total amount of investment will be US$125 million.