Ferrosilicon up on high numbers out of China
Dec 14, 2007 | 04:24 PM
| Meghann McDonell
Ferrosilicon prices have risen as U.S. supply has tightened on the high cost of importing the alloy from China, according to market sources.
"For years everybody was waiting for China to catch up, and now they have and they've got their prices up," a trader said. "They have become a supplier where costs are realistic with the Western World."
Spot ferrosilicon is now being quoted in the United States at between 70 and 72 cents per pound, up from 66 to 68 cents previously. One trader reported the sale of several truckloads at about 70 cents per pound, and sources agreed that any large tender issued in the near term will go for 70 cents per pound or more.....
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