Ferroalloy prices rise on weather, tight supply
Feb 14, 2014 | 04:36 PM
| 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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