Ferrosilicon spot sales grind to a halt
Dec 09, 2008 | 06:55 AM
| Mick Bowen
Spot sales of ferrosilicon have come to a grinding halt in the United States as ferroalloy consumers work through existing inventories and put off placing new orders for the time being, according to traders and producers.
"Nothing is going on and nobody is inquiring about prices, not even for the first quarter," one trader told AMM. "I haven't had to give out spot prices for at least two weeks, maybe as many as four."
The trader said buyers are still honoring the prices set in contracts, but volumes have slipped 30 to 40 percent following the recent slump in production by steel companies and automakers.....
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