NEW DELHI – State-owned MOIL Limited, India’s largest manganese ore producer, has implemented a major price revision effective April 1, 2026. Prices for various grades of manganese ore have been hiked by up to 17.5%, marking the most significant upward adjustment in nearly two years.
The decision follows the company’s quarterly pricing practice and reflects shifting market dynamics in the mining and steel sectors.
Key Price Revisions for April 2026:
-
Lower Ferro & Allied Grades: Prices for Ferro grades (Mn below 44%), SMGR (30% & 25%), Fines, and Chemical grades have increased by 17.5%.
-
Premium Ferro Grades: Prices for high-grade Ferro (Mn 44% and above) have been raised by 15%.
-
Unchanged Rates: The basic price for Electrolytic Manganese Dioxide (EMD) remains steady at ₹1,80,000 per metric tonne.
Market Impact and Context
As a Miniratna Category-I PSU under the Ministry of Steel, MOIL commands nearly 50% of India’s market share. This sharp price hike is expected to impact input costs for the domestic ferro-alloy and steel industries, which rely heavily on MOIL’s output.
Analysts suggest the higher percentage increase for lower-grade ores (17.5%) versus premium grades (15%) indicates a strategic alignment with current production costs and domestic demand patterns for the 2026-27 fiscal year.
