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Globe sees ferrosilicon tags facing more import pressure

February 10, 2012 - 15:54 GMT Location: New York

KEYWORDS: Globe Specialty Metals , ferrosilicon prices , silicon demand

Globe Specialty Metals Inc. is optimistic on the markets for its silicon-based alloys in 2012 amid signs of a demand pickup from both steel mills and foundries, although ferrosilicon prices will remain pressured, it said.

While ferrosilicon prices in the U.S. market have strengthened to 94 to 95 cents per pound, that level is still more than 10 cents below the year-ago level, partly due to an onslought of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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