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Ferrosilicon prices move up; large deals elusive

Keywords: Tags  ferrosilicon prices, ferrosilicon, anti-dumping, Commerce Department, ferrosilicon imports, ferrosilicon supply, Daniel Fitzgerald


NEW YORK — Ferrosilicon spot prices have ticked up again after stalling through much of September, although large-volume purchases at higher numbers remain elusive.

Ferrosilicon moved up to a range of 95 to 97 cents per pound from 94 to 96 cents previously, with some traders reporting low-volume transactions at between 98 cents and $1 per pound.

Some traders told AMM they had offered higher numbers for a 200-ton request for material, but without success.

"We haven’t quite reached 98 cents for big tonnages, I guess," one trader said. "There’s obviously still a lot of Russian and Venezuelan stuff they’re trying to wean out, and some guys are still worried about the anti-dumping case."

"We quoted at 97 cents per pound and lost it. Some people say they’ve got 98 to 99 cents per pound, but I haven’t seen it," a second trader said.

Ferrosilicon prices moved up rapidly in August following the start of an anti-dumping investigation by the U.S. Commerce Department into imports from Russia and Venezuela ( amm.com, Aug. 9).

The material, which had been trading in a range of 88 to 90 cents per pound prior to Commerce’s decision, shot up to a range of 94 to 96 cents per pound by the end of August ( amm.com, Aug. 30). However, prices did not move any higher in September as buyers attempted to avoid purchasing at what was perceived as the peak of the market ( amm.com, Sept. 13).


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