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

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

Indian ferro manganese (HC70%) prices rose as export inquiries continue to move on an upward direction w-o-w.

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

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

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.

JSW announced on Tuesday that they will invest 55 billion rupees (approximately 663 million dollars) in a significant joint venture for the production of grain-oriented silicon steel.