High-carbon ferromanganese prices drop

Feb 08, 2013 | 01:17 PM | Daniel Fitzgerald

Tags  ferromanganese prices, low-carbon ferromanganese, high-carbon ferromanganese, Daniel Fitzgerald

NEW YORK — High-carbon ferromanganese prices fell slightly on reports of healthy supply, but low-carbon ferromanganese prices are still expected to rise as rumored shortages develop.

High-carbon ferromanganese prices dropped to a range of $10.90 to $11.60 per pound Feb. 7 from $11 to $11.80 previously, with one trader forecasting further price drops as more material enters the market. "I do expect more downward pressure on....

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