NEW YORK DLA Strategic Materials has again offered more than 3,100 short tons of high-carbon ferromanganese.
The July offering consisted of 2,000 short 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 U.S. material is at Fort Belvoir, Va.-based DLAs Point Pleasant, W.Va., depot, while the Japanese material is at its Warren, Ohio, depot.
The same lots have been on offer since May 2012 (amm.com, May 8, 2012
High-carbon ferromanganese is currently trading at $1,015 to $1,060 per long ton in the open market, according to AMMs most recent assessment (amm.com, June 28
). Prices have dropped steadily since April 2012, when they were at $1,300 to $1,350 per ton.