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High-carbon FeMn falls after BlueScope tender

Keywords: Tags  high-carbon ferromanganese, North Star BlueScope, Thorsten Schier


NEW YORK — High-carbon ferromanganese prices have dwindled again as a tender for second-quarter material for North Star BlueScope Steel LLC moved to lower levels.

“High-carbon ferromanganese suffered from the BlueScope tender,” one trader said.

Prices are now between $1,090 and $1,150 per long ton after rising to between $1,110 and $1,180 per ton the prior week, with Delta, Ohio-based BlueScope reportedly fulfilling its second-quarter requirements at the low end of the range.

The company declined to comment.
Prices are now at their lowest level this year. “There’s so little spot activity,” a second trader said.

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