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
Felman Production, a subsidiary
of Miami-based Georgian American Alloys Inc., is capable of
producing 105,000 tonnes of silicomanganese annually.
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
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.