Ferroalloy prices rise on weather, tight supply

Feb 14, 2014 | 04:36 PM | Daniel Fitzgerald

Tags  ferroalloys, high-carbon ferromanganese, low-carbon ferrochrome, molybdenum, tight supply, winter weather, ferromanganese prices, ferrochrome prices Daniel Fitzgerald

NEW YORK — Winter storms across the United States continue to impact ferroalloy spot market activity, with transportation and supply issues boosting prices on some commodities.

High-carbon ferromanganese moved up to a range of $1,070 to $1,080 per long ton from $1,050 to $1,070 previously, with unconfirmed reports of spot business being concluded as high as $1,100 per ton.

"People are still trying to push it to the next level," one producer source said.

High-carbon ferromanganese spot prices have risen steadily since the start of 2014, aided by supply shortfalls caused by winter weather issues (amm.com, Feb. 7). ....

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