Copying and distributing are prohibited without permission of the publisher
(AMM) Eramet woes seen putting pressure on ferromanganese prices
March 10, 2010 - 20:40 GMT
Location:
TORONTO
KEYWORDS:
Eramet Marietta
,
force majeure
,
ferromanganese
Eramet Marietta Inc.'s force majeure declaration has put a huge amount of pressure on medium- and low-carbon ferromanganese prices, traders told AMM.
The company's No. 18 furnace at its Marietta, Ohio, plant malfunctioned Sunday night and had to be shut down. The company said the furnace is damaged but it won't know how long it will be down until a full investigation is completed.
The company said it "will have a disruption of production and availability of certain products."
"If you have prompt material, you have gold," a U.S.-based ferroalloy trader said. "I don't know where the hell that market is today; nobody does, because if you have it you're not offering it. But I don't think many people have it. I really, really don't."
A company spokeswoman said that Eramet was running two of its three furnaces at the time of the...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
Subscribe
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.
Subscribe
Free trial
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.
Free trial