NEW YORK Low-carbon ferromanganese prices have risen as
producers desperately try to raise tags from what some say are
Everybody knows (current prices) arent
sustainable, one producer said.
Low-carbon ferromanganese prices have strengthened to between
97 cents and $1.02 per pound from 95 to 99 cents per pound
previously, with a sale of multiple truckloads reported at the
high end of the range this past week. Offers were recorded as
high as $1.05 per pound.
Those are the levels that we all need to be at to break
even, a second producer said.
There were no transactions recorded on medium-carbon
ferromanganese, leaving prices still between 85 and 90 cents
per pound. However, sources reported offers around the
If you want tonnage, youre going to have to pay for
it, the second producer said. He added that he saw a
looming tightness in medium-carbon ferromanganese, as both a
large consumer and another producer had come to him for
Imports of ferromanganese containing between 1 percent and 2
percent carbon plummeted to 1,636 tonnes in November, their
lowest level of the year. That amount was also less than
two-thirds of the years previous low of 2,479 tonnes,
recorded in October, according to the latest figures from U.S.
Customs and Border Protection.