PRICING NOTICE: Metal Bulletin to revise Si max and Mn min for manganese ore indices

Metal Bulletin is proposing to adjust the normalisation ranges for its 38% Mn and 44% Mn manganese ore indices to ensure the two prices continue to gain the maximum possible liquidity.

Metal Bulletin is proposing to adjust the normalisation ranges for its 38% Mn and 44% Mn manganese ore indices to ensure the two prices continue to gain the maximum possible liquidity.

The aim of the planned changes is to better reflect and capture the different material entering the manganese ore spot market.

The proposed changes only affect the normalization ranges for the two indices and will allow for larger volumes of spot material to be considered in the index calculation.

The base specification of the indices will stay unchanged.

Both changes are being made to include material being traded in the spot market.

For MBMnOI44 (44% material), we are proposing to increase the maximum silica content to 14% from 12%. The base remains unchanged at 4% silica content.

For MBMnOI38 (38% material), we are proposing to decrease the minimum manganese content to 36% from 37%. The base remains unchanged at 38%.

All other aspects of the two specifications remain unchanged.

For comments and queries please contact Alex Harrison (aharrison@metalbulletin.com) by Friday September 27 2013, 12pm London time.

For full details of the manganese ore specifications, please click here.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Fastmarkets has corrected its MB-IRO-0008 iron ore 62% Fe fines, cfr Qingdao index, which was published incorrectly on Wednesday January 25 due to a technical error.
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed