DLA sells ferrochrome, ferromanganese

Apr 06, 2012 | 11:35 AM | Thorsten Schier

Tags  DLA, low-carbon ferrochrome, high-carbon ferromanganese, Thorsten Schier

NEW YORK — DLA Strategic Materials sold 490 tons of low-carbon ferrochrome in March for $1.25 million, equivalent to $1.94 per pound (chrome contained), according to AMM calculations.

The material was bought by the Pittsburgh-based ferroalloys arm of David J. Joseph Co. and Switzerland’s GfE-MIR Holdings AG, parent of U.S. ferroalloys trader Varomet Corp.—the same companies that bought 560....

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