Ferroalloy traders fear early slowdown

May 03, 2013 | 11:44 AM | Daniel Fitzgerald

Tags  ferroalloy pricing, high carbon ferrochrome, ferrosilicon, molybdenum, summer slowdown, Daniel Fitzgerald

NEW YORK — Spot ferroalloy trading continues to be scant as long-term contracts cover the majority of business, with one trader claiming that the market has entered an early summer slowdown.

High-carbon ferrochrome dropped to a range of 99 cents to $1.02 per pound from $1 to $1.03 previously, with transactions confirmed at below $1 per pound. Ferrosilicon also dropped and is now trading in a range of 91 to 93 cents per pound, down from 92 to 94 cents.....

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