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MOIL raises prices by 10% of all grades of Manganese Ore

MOIL raises prices by 10% of all grades of Manganese Ore
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MOIL raises prices by 10% of all grades of Manganese Ore

Highlights

MOIL Limited has fixed/ revised prices of different grades of Manganese Ore and other products, effective from Friday, January 1, 2021.

MOIL Limited has fixed/ revised prices of different grades of Manganese Ore and other products, effective from Friday, January 1, 2021. The company has raised the prices of all Ferro grades of manganese ore having Manganese Mn-37 per cent and above have been increased by 10 per cent and all the other Ferro grades of Manganese Ore having Manganese below Mn-37 per cent have been increased by 15 per cent on the prices prevailing since December 1, 2020.



In a regulatory filing, MOIL said, in line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.01.2021."

It said, the prices of all SMGR grades (Mn-30 per cent & Mn-25 per cent) and all grades of Fines have been increased by 15 per cent on the prices prevailing since December 1, 2020. The prices of all grades of chemical grades of manganese ore have been increased by 10 per cent on the prices prevailing since December 1, 2020.

The basic price of Electrolytic Manganese Di-oxide (EMD) has been continued as prevailing since December 1, 2020.

Ferro Manganese/Ferro Manganese Slag and some identified grades of Manganese Ore will continue to be sold by e-auction as well as through Metal Mandi (M3) of MSTC, in line with the existing policy.

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