High-carbon FeMn tags fall on slow spot mart

Apr 20, 2012 | 12:33 PM | Thorsten Schier

Tags  DLA, high-carbon ferromanganese, Thorsten Schier

NEW YORK — High-carbon ferromanganese prices are softening as spot activity has slowed after the completion of second-quarter buying.

"There’s just not a lot of spot business now (since) we’re 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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