Silicomanganese tender offers emerge

Aug 08, 2014 | 05:03 PM | Daniel Fitzgerald

Tags  silicomanganese, contract tender, ferrovanadium, silicomanganese, ferroalloys prices, Daniel Fitzgerald

NEW YORK — Long-term contract tenders for bulk ferroalloys have begun to emerge, but domestic spot trading activity remains quiet.

Market participants reported scant activity in the spot market for ferroalloys, with many continuing to sit out of the market in favor of focusing on contract customers.

Silicomanganese suppliers noted the emergence of a multiyear contract inquiry from a major steel producer, but don’t expect negotiations to begin in earnest for some time.....

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