Ferromanganese gets lift from demand

Feb 28, 2014 | 02:54 PM | Daniel Fitzgerald

Tags  medium-carbon ferromanganese, high-carbon ferromanganese, ferromanganese supply, ferromanganese prices, Daniel Fitzgerald

NEW YORK — Medium-carbon ferromanganese spot prices have surged due to renewed consumer demand, with suppliers confident of further price increases in the coming weeks.

AMM’s medium-carbon ferromanganese price moved up to a range of 90 to 92 cents per pound from 87 to 89 cents previously, with several consumers entering the market for spot purchases.

medium-carbon ferromanganese price moved up to a range of 90 to 92 cents per pound from 87 to 89 cents previously, with several consumers entering the market for spot purchases. "Demand is still there, supply is still constrained, so it’s a perfect recipe for prices to strengthen," one supplier said.....





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