Flat demand bites ferrosilicon tags
Nov 17, 2009 | 10:17 AM
| Tom Jennemann
U.S. ferrosilicon prices have fallen as a major domestic producer injects extra units into the market during a fourth quarter that hasn't been great in terms of ferroalloys demand.
Ferrosilicon deals are being booked in a range of 73 cents to 75 cents per pound, down from a 75- to 77-cent range last week.
"There's not a lot of business and people are still recovering from the fact that the fourth quarter has been a letdown as compared with the third quarter," a U.S.-based ferroalloys trader said, adding that traders and consumers are bringing in less material than two months ago because demand has failed to improve.....
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