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

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

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

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

Indian ferro molybdenum prices rose this week.

AISI: US Steel Shipments Unchanged In 2023.

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.