Supply worries boost ferrosilicon prices
Aug 16, 2013 | 03:34 PM
| Daniel Fitzgerald
NEW YORK U.S. ferrosilicon prices have risen as traders capitalize on supply concerns following the start of an anti-dumping investigation into imports from Russia and Venezuela.
Ferrosilicon moved up to a range of 91 to 93 cents per pound from 88 to 90 cents previously.
The Commerce Department announced earlier this month that it would initiate an investigation into imports of ferrosilicon from Russia and Venezuela, with the International Trade Commission (ITC) scheduled to make preliminary injury determinations by Sept. 3 (amm.com, Aug. 9 ). If the investigation continues, Commerce would make preliminary determinations in December and final determinations in March 2014.....
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