Imports squeeze US ferrosilicon prices
Jul 20, 2012 | 02:41 PM
| Thorsten Schier
Tags
ferrosilicon,
price opressure,
Thorsten Schier
NEW YORK — U.S. ferrosilicon prices remain squeezed as even more severe price pressures around the globe push an increasing amount of material to North America.
"Prices here are bad, but look elsewhere. Europe is even worse," one trader said.
"I hear there’s a lot of orphaned material heading here," a market source said. "You’d think at these price levels, producers would consider shutting down furnaces and holding inventory." ....
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