July 2009 | Ferro-alloys
Ferro-silicon supply tightens: Ferro-silicon highlights
The big European ferro-silicon producers have increased their offers on the spot market as domestic consumers have been looking to buy more raw materials to replenish their stocks.
Steelmakers, which have slashed production in recent months in remedial action against a world economic recession, will be watched closely for signs of their scheduled shutdowns in the coming quarter. Although there has been some demand from Chinese steel mills, they have resisted higher ferro-silicon price offers despite more expensive transport costs for ferro-silicon producers. Meanwhile, the majority of alloy smelters are operating at low production rates due to tight profit margins. This indicates that a price decline is unlikely in the short term as supply has been limited.
European market is well supportedThe European ferro-silicon market has been relatively steady in June on tighter stocks and steep production cuts, as well as a reduction in raw material inventories at steel mills. Although there...
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