High-carbon FeMn tags fall on slow spot mart
Apr 20, 2012 | 12:33 PM
| Thorsten Schier
NEW YORK High-carbon ferromanganese prices are softening as spot activity has slowed after the completion of second-quarter buying.
"Theres just not a lot of spot business now (since) were between quarters, so when something comes out, people jump on it," one trader said.
The price range has narrowed to $1,300 to $1,325 per long ton from $1,300 to $1,350 previously. A second trader reported losing business for three truckloads at $1,335 per long ton. "I was told that I was last on that quote," he said.....
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