India's ferro silicon prices dropped by over INR 10,000/t amid dull demand for stainless steel. Many small buyers opted not to purchase materials due to high prices.

According to the assessment on 21 April 2022, most Guwahati-based producers offered around INR 160,000/t exw, while a few offered at around INR 165,000/t exw to follow the Bhutanese offers. But bulk deals of around 4000 t have only been completed at lower levels. Bhutanese producers are offering around INR 163,000-165,000/t exw.

This week, SteelMint observed weak ferro silicon demand at higher offers. As the stainless-steel market remains bearish, buyers are constantly trying to pull down prices. Since stainless steel prices remain high, export demand is also stagnant. This resulted in slow buying and a drop in ferro silicon prices.