AMM: Ferrosilicon prices hit ‘12 low as slowdown sparks sell-off

Ferrosilicon prices have fallen to their lowest levels thus far this year, as traders seek to unload material due to slowing spot demand and uncertainly about the economic outlook.

"People are selling below replacement cost," according to one trader. "It’s very ugly. You can’t buy it anywhere in the world at these levels," a second trader agreed, adding that he...

Published

Thorsten Schier

June 29, 2012

20:15 GMT

New York