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. Theres so little spot activity, a second trader said.