SiMn 2014 contract discounts narrow

Dec 20, 2013 | 05:53 PM | Daniel Fitzgerald

Tags  silicomanganese, silicomanganese contracts, ferromanganese, medium-carbon ferromanganese, ferromanganese contracts, 2014 contracts, Felman Production, Daniel Fitzgerald

NEW YORK — Silicomanganese sellers say they have booked 2014 contracts with dramatically improved formula discounts, although those for medium-carbon ferromanganese contracts reportedly have yet to see a similar trend.

Fixed-price silicomanganese contracts are said to have been booked at 53 to 54 cents per pound, with offers upward of 56 cents per pound mostly unsuccessful.

Formula contracts were reportedly booked with significantly smaller discounts compared with 2013 contracts, with one supplier claiming that his company booked contracts with no discount at all.....

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