Silicomanganese market awaits bid

Feb 22, 2013 | 05:41 PM | Daniel Fitzgerald

Tags  silicomanganese prices, Nucor, Nucor tender, silicomanganese market, ferrosilicon, Daniel Fitzgerald

NEW YORK — Silicomanganese market participants are waiting on the outcome of a high-tonnage Nucor Corp. tender, with some sources saying that it could determine the future direction of the spot market.
Silicomanganese prices were steady in a range of 52 to 56 cents per pound Feb. 21, although most attention is focused on the Nucor “request for quote” and the potential impact of the winning bid. ....

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