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DLA again offers US, Japanese ferromanganese for sale

Keywords: Tags  DLA Strategic Materials, ferromanganese, high-carbon ferromanganese, ferromanganese prices, Daniel Fitzgerald

NEW YORK — DLA Strategic Materials is again offering 2,000 short tons of 76.76-percent high-carbon ferromanganese from the domestic market and 1,145 tons of 76.45-percent material from Japan.

The same lots have been offered since May 2012, with the DLA unable to find a buyer since last April (, May 8).

The domestically sourced material is at the agency’s Point Pleasant, W.Va., depot, while the Japanese material is at the agency’s Warren, Ohio, depot. The agency will only accept bids for the entire quantity of the Japanese material.

Bidding closes April 10 at 1:30 p.m. local time, the Fort Belvoir, Va.-based agency said.

High-carbon ferromanganese is currently trading in a range of $1,090 to $1,165 per long ton in the open market, according to AMM’s most recent assessment.

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