Ferromanganese up on tight supply, strong steel demand
Dec 07, 2007 | 09:12 AM
| Meghann McDonell
Strong demand from steelmakers and sparse supply have pushed spot prices for high-carbon ferromanganese higher in recent weeks.
High-carbon material in the United States has reached $1,800 to $1,850 a tonne on a spot basis, up $100 from its previous range of $1,650 to $1,750 a tonne and more than double its spot price this time last year of $800 a tonne.
Spot medium-carbon ferromanganese is now between $1.55 and $1.65 a pound, up from $1.45 to $1.55 per pound previously. This time last year the alloy was 68 to 72 cents a pound.....
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