Silicomanganese market monitors Felman

May 30, 2014 | 03:41 PM | Daniel Fitzgerald

Tags  silicomanganese prices, Felman Production, molybdenum prices, molybdic oxide, ferromolybdenum, Daniel Fitzgerald

NEW YORK — The silicomanganese market is awaiting the outcome of Felman Production LLC’s attempt to restart production as well as a high-volume request for quotation (RFQ).

Silicomanganese suppliers are closely monitoring an RFQ from a major steel producer reportedly seeking up to 40,000 tons of material for several mills. The tender for the second half of 2014 is said to be closing June 2.

Market participants noted that Letart, W.Va.-based Felman’s attempt to restart production at its plant in New Haven, W.Va., which has been hampered by a disagreement with its electricity supplier (amm.com, May 28), is likely to impact sentiment surrounding the RFQ and free-market prices.....





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