US manganese alloy tags slip, demand picture said clouded

U.S. manganese alloy prices have softened but still remain a bit firmer than several other ferroalloys, which have experienced price corrections during the past month.

Spot prices for high-carbon ferromanganese range from $1,440 to $1,460 per tonne, down from $1,460 to $1,510 two weeks ago, while medium-carbon ferromanganese is unchanged at $1.02 to $1.08 per pound.

U.S. silicomanganese prices are now in a range of 65 to 68 cents per pound, down from 71 to 74 cents per pound two weeks ago.

"There's a lot of ambiguity right now," one veteran U.S.-based trader said. "Demand for (manganese alloy) has been pretty strong since the blast furnaces restarted, but now the (demand) picture is a little...

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