Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
MOIL cuts manganese ore prices by 5-10% for May 2025.
Weak steel demand and high inventories triggered the reduction.
Market conditions to dictate further price decisions.
India’s state-run manganese mining major MOIL Limited has announced a downward revision in the prices of all grades of manganese ores for May 2025 deliveries. The company made the official announcement on Tuesday, citing market conditions and subdued demand from the steel and alloy industries.
As per the latest notification, prices for all ferro-grade manganese ore varieties have been slashed by 5-10% compared to April rates. Chemical-grade and fines have also witnessed similar reductions, reflecting the softening sentiment in the domestic manganese market.
Industry analysts attribute the price cut to a combination of factors including weak demand from steel mills, lower international manganese ore prices, and ample domestic inventories. With steel production facing price pressures and mills reducing alloy orders, manganese ore demand has slowed notably in recent weeks.
A senior MOIL official mentioned that the company would continue to monitor market dynamics closely and adjust pricing strategies in line with demand recovery and global price trends.
The latest move aims to support the alloy and steel-making industries by offering cost relief amid subdued finished steel prices and regional geopolitical uncertainties affecting trade flows.
Also Read : India requires ₹4.75 trillion investment in transmission infrastructure to integrate renewable energy by 2027 Tata Steel Shares Rally 7% in 2 Days Post Strong Q3
1️⃣ Ex-India pellet prices remain stable, but trading is slow due to a wide bid-offer gap.2️⃣ Weak d...
Business 29-Mar-2025
According to the Union minister Nitin Gadkari, those coal mines in Maharashtra’s Vid...
Announcement 29-Jan-2024
Oil drifted lower on Monday after Israel withdrew more soldiers from Gaza and committed to fresh tal...
Energy 08-Apr-2024
Europe’s automotive supply chain is facing mounting strain as rising Chinese competition...
Europe 25-Mar-2026
South Eastern Coalfield Limited's (SECL) Gevra mine in Chhattisgarh, run by Coal India, has gained e...
Announcement 06-Mar-2024
Baoshan Iron & Steel Co., Ltd. (Baosteel), one of China’s leading steel producers, uses de...
Business 27-Feb-2025