Silico-manganese producers rush to cover amid limited availability

Silico-manganese producers are desperately searching for material in Europe, declaring themselves sold out or even oversold, market participants told Metal Bulletin.

A series of plant shutdowns in the second half of 2011 due to weak market conditions led to low inventories and a period of destocking in December.
The market tightened in January when major European producers sold out around the same time that Indian producers agreed a floor price for material.
Production is still constrained and at least two large producers of silico-manganese, which is used as a deoxidant and alloy in steel output, are oversold.

Producers looking for cover are asking for 3,000-5,000 tonne...


Janie Davies

April 17, 2012

15:22 GMT