NEW YORK Ferromanganese prices have risen amid reports
of increased demand and one major request for quote, while one
Nucor Corp. plant reportedly is back in the market for
High-carbon ferromanganese moved up to a range of $1,110 to
$1,180 per long ton from $1,090 to $1,160 previously, while
medium- and low-carbon metal tightened to 88 to 90 cents per
pound and $1.04 to $1.06 per pound, respectively, from prior
ranges of 87 to 90 cents and $1.02 to $1.06 per pound.
Theres some strength in ferromanganese. ...
Everyone is complaining about the cost of production over here
vs. the price, so theyre trying to push it up a
bit, one trader said.
With ferromanganese, I think its a situation
where demand is catching up with supply, a second trader
A source at North Star BlueScope Steel LLC, Delta, Ohio,
confirmed that it submitted a request for quote for high-,
medium- and low-carbon ferromanganese. We have put in
place most of our manganese that well require for
calendar 2013, but were requesting quotes to see what
might be out there if we require more, he said.
The source added that it was too soon to tell
how prices and availability appeared to the company, with the
request for quote set to close late in the coming week.
A third trader said he submitted quotes to North Star BlueScope
s current published price as the market
strengthens. We sold at $1.06 last week for low-carbon
ferromanganese, so well continue pushing for those
prices, he added.
Meanwhile, Nucors Darlington, S.C., plant has
reportedly submitted a request for quote for silicomanganese,
just one week after it was said to have closed a major
silicomanganese tender for several of its mills (
amm.com, March 8).
(Darlington) had initially gone out for chip material,
but then they decided to switch to lump material. So
theyve gone back out again, the second trader
A fourth trader said that the Darlington mill was seeking up to
2,500 tons per quarter, but he was unsure of why the mill was
back in the market again so soon after the rest of the company
concluded a major tender.
I suspect they didnt like the high numbers that
were quoted to them ... so maybe theyre going to see if
its changed. But it might be a little too soon. Id
be surprised if they see any lower numbers, he
Charlotte, N.C.-based Nucor didnt respond to a request