NEW YORK Silicomanganese producer Felman Production LLC has reached a three-and-a-half-year labor agreement with the United Steelworkers union at its plant in New Haven, W.Va.
"This new contract signifies a collective desire to work together to best serve our customers and ensure Felman Production remains the industrys leading supplier of low-cost, high-quality ferrosilicomanganese products," plant manager John Konrady said in a statement.
The previous contract covering more than 215 union members was set to expire "in early January," a company spokesman said, but declined to comment further.
Felman Production, a subsidiary of Miami-based Georgian American Alloys Inc., is capable of producing 105,000 tonnes of silicomanganese annually.
Felman Productions marketing arm, Miami-based Felman Trading Inc., is the largest supplier of silicomanganese to the domestic market. Felman has not announced price levels for December or January after previously setting monthly minimum sales prices for the material (amm.com, Nov. 5).
Market prices for the material have fallen recently to between 51 and 54 cents per pound from 54 to 58 cents previously.