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DLA offering high-carbon ferromanganese

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 on offer since May 2012 (amm.com, April 9).

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

Bidding closes May 15 at 1:30 p.m. local time, according to the Fort Belvoir, Va.-based agency.

High-carbon ferromanganese is currently trading at $1,050 to $1,100 per long ton in the open market, according to AMM’s most recent assessment. Prices have dropped steadily since April 2012, when they were at $1,300 to $1,350 per ton.


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