High-carbon ferromanganese weakens

Apr 12, 2013 | 04:56 PM | Thorsten Schier

Tags  ferroalloys, manganese alloys, ferrochrome, molybdenum, vanadium, ferrosilicon, silicomanganese, ferrovanadium Thorsten Schier

NEW YORK — High-carbon ferromanganese prices have weakened to between $1,090 and $1,145 per long ton from $1,090 to $1,165 previously, with a three-truckload deal reported at the top end of the range this past week.

"There’s all sorts of high-carbon (ferromanganese) in the market," one producer source put forward as a likely reason behind the fall. The failure of Fort Belvoir, Va.-based DLA Strategic Materials to log sales also is a sign of poor market conditions, the producer source said.

There was little reported activity for medium- and low-carbon ferromanganese as second-quarter buying has concluded, and significant spot inquiries were few and far between.....

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