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Ferrosilicon prices hold firm as market awaits direction

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


NEW YORK — Ferrosilicon market participants are awaiting firm direction for spot pricing as transacted prices continue to diverge.

AMM’s ferrosilicon spot prices are unchanged in a range of 93 to 98 cents per pound, with little consensus as to where high-tonnage sales were being made.

"We offered at 95.5 cents per pound for one truckload and didn’t get it and then offered at 97 cents per pound for a smaller inquiry and did get it, so it’s an unusual market," one trader said.

"Business is very sporadic, and then the Chinese material comes in and lowballs everything," a second trader said.

A third trader said his company was hesitant to push prices in light of the U.S. Commerce Department’s anti-dumping investigation into imports of ferrosilicon from Russia and Venezuela (amm.com, Aug. 9).

"Contracts are all done, so everyone is just waiting for the next signal in early March, when a preliminary decision in the anti-dumping case should be announced," he said.


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