Nucor move boosts silicomanganese prices

Mar 08, 2013 | 04:01 PM | Daniel Fitzgerald

Tags  silicomanganese prices, silicomanganese demand, Nucor tender, Daniel Fitzgerald

NEW YORK — Silicomanganese spot prices have ticked up and may continue to strengthen over the course of 2013, traders say, as steelmaker Nucor Corp. has finalized its "request for quote."

AMM's Silicomanganese prices moved up to a range of 53 to 57 cents per pound from 52 to 56 cents.

Market sources told AMM that Charlotte, N.C.-based Nucor booked business in a wide range from 52 cents per pound for "bottom barge" material in the South to as high as 62 cents per pound, although one trader said this was for deliveries comprising "a fair amount of freight."....

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