Ferrosilicon spot prices have dropped slightly as supply
anxiety continues to ease, while contract business has
reportedly been finalized at the lower end of published
ferrosilicon spot prices narrowed to 94 to 98 cents per pound
from 94 to 99 cents previously, with sellers no longer
reporting any success selling at $1 per pound or more.
Prices have eased in
recent months as supply concerns raised by an anti-dumping
investigation into Russian and Venezuelan imports have abated
amm.com, Nov. 22).
The market received more breathing
room this past week as the Commerce Department postponed the
deadline on a preliminary decision until March 4 from Dec. 26
amm.com, Dec. 19).
helpful for us; it gives us a little more time," one seller
Meanwhile, a second
seller said he booked one major customer at an effective fixed
price of 94 cents per pound, once discounts were taken into
Other sources said
they had yet to finalize 2014 contracts, but still expected to
see reduced discounts compared with 2013. "Its
continuing, but a lot of them have wrapped up," a trader