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Felman restart will not cut prices, traders say

July 03, 2014 - 08:11 GMT Location: New York

KEYWORDS: Felman Production , New Haven plant , production restart , APCo , silicomanganese , silicomanganese imports

Felman Production’s return to silicomanganese production will prompt a reduction in imports and intertrade purchases, but not necessarily a drop in spot prices, according to market participants.

Felman will fully resume production by restarting both furnaces at its New Haven, West Virginia, plant by the end of July after reaching an electricity supply agreement with Appalachian Power Co. (APCo). Felman has already restarted one furnace at the New Haven plant, though it may take some time for it to get up to speed, a company spokesman told Metal Bulletin sister title AMM. The company has been forced to rely more on imports to service the US silicomanganese market following the idling of the New Haven plant in June 2013....

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

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