Silicomanganese market activity has picked up with the reported
conclusion of a tender from a major steelmaker, although prices
have remained steady.
previously told AMM that the steelmaker had released a
request for quotations for up to 3,000 tons of silicomanganese
for fourth-quarter delivery to three of its mills. The company
could not be reached for comment.
are unchanged at 49 to 51 cents per pound, with the
steelmakers tender said to have been concluded within
this range, but traders said this past week that they expect
spot prices to move up soon, with availability said to be
tightening following the conclusion of the tender.
A trader said that one
of the steelmakers mills has already re-emerged seeking
more material, which he believes could act as the catalyst to
push spot prices up. After they booked it, they had to
turn around and go back out again. There are a lot of traders
looking for more product, people are short, he said.
Going forward, they wont have that material at that
were finally starting to see the ramifications of Felman
Production (LLC) closing (its operations in New Haven, W.Va.).
I dont expect (prices) to run away, but theres not
a lot of material right now, a second trader said.