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

OMC has adjusted the base price marginally for its forthcoming auction of 56,000 t of chrome ore from South Kaliapani and Sukrangi mines on 19 Feb'24.

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

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

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.

Western Australia said on Saturday it would offer royalty relief to nickel producers in a bid to buoy the struggling industry.