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.