April 2012 | Ferro-alloys
Europe consolidates gains: Ferro-silicon Highlights
Second-quarter ferro-silicon contract prices rise, but not to the extent anticipated.
Second-quarter ferro-silicon contracts have been settled at €1,240-1,250/tonne ($1,628-1,640/tonne) delivered, up from €1,125-1,140/tonne in the first quarter. There had been market hopes that prices may have reached €1,300/tonne, although the spot market has since quietened. Most of the bigger steel plants are operating at around 75% of their production capacity. There are deals being done at around €1,245/tonne delivered for 100-tonne lots. Some 125,000 tonnes of ferro-silicon is expected to be consumed in the next three months after 100,000-115,000 tonnes was used in the first quarter.
Norwegian producer Elkem has increased its price offers some €120/tonne after recently cutting production. There have been reports of exports from Poland and...
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