Ferrosilicon spot prices have surged again over future supply
concerns, although major consumers reportedly are holding off
on large purchases.
Ferrosilicon has moved
up to a range of 94 to 96 cents per pound from 91 to 93 cents
have been aiming to capitalize on supply concerns following the
launch of a U.S. anti-dumping investigation into imports from
Russia and Venezuela (
amm.com, Aug. 16).
told AMM that the anti-dumping case is still the major
factor driving up prices.
"Therell be a
140,000-ton hole to fill if Russia and Venezuela are out," one
A source at one of the
companies potentially affected by the anti-dumping case said
that his company had not participated in the spot market
However, traders also
said that while ferrosilicon prices are up, they had yet to
field any large-volume inquiries for the material.
"The numbers are
definitely higher. Ive even heard some people say they
sold at 98 cents per pound for smaller quantities. But the
steel mills are not yet in the market; we havent gotten
any inquiries for the fourth quarter. Maybe for the time being
theyre on the sidelines," a second trader said.