Ferrosilicon prices rise on short supply

Mar 22, 2013 | 02:48 PM | Thorsten Schier

Tags  ferrosilicon, ferrosilicon prices, Outokumpu Stainless, China ferrosilicon, ferrosilicon imports, Thorsten Schier

NEW YORK — A tightness in ferrosilicon supply has led spot prices to increase 1 percent, market participants told AMM.

Prices are now in a range of 95 to 97 cents per pound compared with 94 to 96 cents previously, with Outokumpu Stainless USA LLC reportedly paying within the new range for second-quarter tonnages in a recent tender.

"(Outokumpu) had to retender twice before they could get second-quarter material," one trader said, adding that the tender was for about 2,000 tonnes.....

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