Manganese producers under pressure - FERRO-ALLOYS

Producers of ferroand silico-manganese say that they are currently
negotiating with European mills over first-quarter deliveries, but report
that the talks are tough-going. Mills are driving a hard bargain but
producers hope that production cuts in China and the CIS will prevent
prices sinking much further.
One European producer of ferro-silicon said that it is too early to give
price indications for the next quarter, but that the talks have indeed



December 21, 1998

00:00 GMT

M B NF19