GLOBAL FERRO-SILICON WRAP: European price stabilizes after falls; US sees slim trading

The European spot market price of ferro-silicon stabilized in the week ended Friday February 8 after recent falls, with the range holding at lows last seen in February 2017; while in the United States, prices narrowed during a slow trading week.

Europe stabilizes losses, with trading activity expected low key until March  US prices narrow amid limited trading activity  China set to return to trading after holiday European market steady despite quiet conditions European suppliers have stopped cutting their offer prices after a steady run lower in the market so far this year, with producers resisting moves much below €1,200 per tonne. Traders, however, seem prepared to offer ferro-silicon on a spot basis as low as €1,160 per tonne, but for now at least no lower. The move follows the introduction of new steel tariffs in the European Union around the start of February targeted at imports that had been seen undercutting...

Published

Chris Kavanagh

Declan Conway

February 11, 2019

17:10 GMT

Galway, New York