Ferrosilicon market grinds to a halt

Jun 07, 2013 | 05:22 PM | Daniel Fitzgerald

Tags  silicomanganese, ferrosilicon, Nucor, tender, request for quote, ferromanganese, Daniel Fitzgerald

NEW YORK — The ferrosilicon market is slowly grinding to a halt as market participants continue to await the outcome of a Nucor Corp. tender.

AMM’s spot prices eased slightly June 6 to a range of 91 to 93 cents per pound from 92 to 94 cents previously, with the few reported transactions taking place at lower levels and lower volumes.

Charlotte, N.C.-based Nucor was recently reported to have submitted a "request for quote" for ferrosilicon and silicomanganese.

One trader maintained that the steel producer is holding ferrosilicon offers slightly below current published prices (amm.com, May 31).....

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