Ferrosilicon picks up as replacement costs rise
Sep 07, 2012 | 10:53 AM
| Thorsten Schier
Tags
ferrosilicon,
China,
Vietnam,
Thorsten Schier
NEW YORK — Ferrosilicon prices have started to pick up as replacement costs for the material rise and sellers are holding less inventory.
"Those with stocks are not giving it away anymore," one trader said of the improved market sentiment.
Intertrade and consumer business in truckload quantities was reported at between 89 and 91 cents per pound in the past week, up from 88 to 90 cents previously, but inquiries from large consumers are still absent from the marketplace.....
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