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Glencore, GfE-MIR buy DLA ferrochrome

Keywords: Tags  Glencore International, GfE-MIR, ferrochrome, DLA Strategic Materials, high-carbon ferrochrome, low-carbon ferrochrome, Varomet, Glencore Xstrata Daniel Fitzgerald


NEW YORK — Glencore International Plc and GfE-MIR AG purchased ferrochrome from DLA Strategic Materials for a combined $2.27 million.

The DLA sold all of the 1,000 short tons of high-carbon ferrochrome it offered for April, and half of the 840 tons of low-carbon ferrochrome it had on offer. The low-carbon ferrochrome purchased was a mixture of the 0.13- and 0.15-percent carbon material, a DLA source told AMM.

Sources at the trading houses didn’t disclose the quantities bought by each company.

Zug, Switzerland-based GfE-MIR is the parent company of White Plains, N.Y.-based ferroalloys trader Varomet Corp. Glencore International Plc recently became Baar, Switzerland-based Glencore Xstrata Plc (amm.com, May 2).

Meanwhile, the Fort Belvoir, Va.-based agency didn’t record any sales in its offering of 2,000 tons of 76.76-percent high-carbon ferromanganese from the U.S. market and 1,145 tons of 76.45-percent material from Japan.

The lots have been on offer since last May (amm.com, May 8).


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