In Europe, the silico-manganese lumpy 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations market price
climbed by 4% to €900-940 ($1,000-1,045) per tonne on January 10 from €840-860 per tonne over the week, while suppliers increased their offer prices against expected renewed demand for first-quarter delivery settlements from steelmakers.
The European silico-manganese market is on par with a level last reached on October 4, 2016 when the price range was assessed at €920-940 per tonne delivered.
About 90% of total world manganese production is used in alloy form in steel for use mostly in construction. Silico-manganese’s key applications are in long steel products for the construction sector, such as wire mesh and reconditioned bar.
The high-carbon ferro-manganese market in Europe climbed more than 2% in the past week, with Fastmarkets’ ferro-manganese basis 78% Mn max, standard 7.5% C spot price assessment at €900-940 per tonne...