Manganese alloy prices under pressure

Jun 29, 2012 | 02:50 PM | Thorsten Schier

Tags  manganese alloys, ferromanganese, silicomanganese, Thorsten Schier

NEW YORK — Manganese alloy prices have come under pressure amid seasonally weaker steel production and adequate supply in the market.

"Business has slowed down drastically. There’s no pressure on buyers at the moment," said a source at one supplier of refined (medium- and low-carbon) ferromanganese.

The U.S. steel industry was operating at around 75 percent of production capacity, according to the most recent data from the American Iron and Steel Institute, down from 76.2 percent a year ago.....

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