Ore Prices Edge Higher: MOIL Revises Manganese Rates Amid Strong Demand And Cost Pressures

MOIL Ltd has announced a fresh upward revision in the prices of its manganese ore grades, effective October 1, 2025. The increase reflects firming demand from alloy and steel manufacturers, coupled with rising mining and logistics costs. The price hike spans both ferro grades and select fines categories, reinforcing MOIL’s pricing power in a tightening domestic ore market.

Key Highlights From The Price Revision

- Prices of all ferro grades of manganese ore with manganese content have been increased by 6.4 percent  
- SMGR (Mn 20 percent) and Metal Mandi fines grades have been raised by 5.2 percent  
- The revised prices apply across MOIL’s mining operations and are valid for October dispatches  
- The hike follows a comprehensive review of domestic demand, global ore benchmarks, and operational cost escalations  
- This marks the second consecutive monthly increase, indicating sustained pricing momentum in FY26

Industry Impact And Buyer Sentiment

- Alloy producers are expected to absorb the cost hike in the short term, with potential pass-through to steel manufacturers  
- The revision may influence pricing of ferro manganese and silico manganese, key inputs in construction and automotive-grade steel  
- Export competitiveness could be affected for downstream processors relying on MOIL’s ore, prompting recalibration of sourcing strategies  
- MOIL’s pricing decisions are closely watched by industry players due to its dominant market share and strategic reserves

Market Outlook

- Analysts expect manganese ore prices to remain firm through Q3 FY26, supported by infrastructure-led steel demand and constrained global supply  
- MOIL is investing in mechanisation and exploration to expand output and stabilise pricing over the medium term  
- Further price reviews are anticipated in November, depending on inventory levels and buyer feedback

Sources: Bombay Stock Exchange Filings, MOIL Ltd Corporate Announcements, Economic Times Metals Desk, Business Standard Mining Tracker, Reuters India Commodity Updates