NEW YORK — DLA Strategic Materials failed to make any high-carbon ferrochrome sales in its first offering of the material in 17 months.

The Fort Belvoir, Va.-based agency instead sold 585 tons of low-carbon ferrochrome for $1.53 million during October, this is equal to a selling price of $1.91 per pound (chrome contained), according to AMM’s calculations.

The material was sold to the Pittsburgh-based ferroalloys arm of David J. Joseph Co.; Medima LLC, Clarence, N.Y.; and Chemalloy Co. Inc., Bryn Mawr, Pa.

Market participants previously said they were worried about the possible impact of a high-carbon ferrochrome sale in an already depressed market due to weak demand from the stainless sector (amm.com, Oct. 19).