AMM

American Metal Market

By Daniel Fitzgerald

September 4, 2013

Felman seeks New Haven power deal

NEW YORK - Felman Production LLC said it will be able to restart silicomanganese production at its New Haven, W.Va., plant if its request for a 10-year special-rate electricity contract is approved by the state's Public Service Commission (PSC).

The company applied for the special rate Aug. 30, claiming the deal would ensure other West Virginia ratepayers do not incur any higher costs than if Felman were forced to shut down permanently.

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AMM

American Metal Market

By Daniel Fitzgerald

September 3, 2013

Silicomanganese market eyes Nucor tender

NEW YORK - Silicomanganese market participants are eyeing a Nucor Corp. tender that represents one of the first major inquiries since producer Felman Production LLC suspended operations.

Nucor reportedly has released a request for quota-lions for up to 3,000 tons of silicomanganese for fourth quarter delivery to three of its mills. The company could not be reached for comment.

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AMM

American Metal Market

By Daniel Fitzgerald

September 3, 2013

ITC to investigate Russian, Venezuelan ferrosilicon

NEW YORK - An anti-dumping investigation into ferrosilicon from Russia and Venezuela will continue after the U.S. International Trade Commission (ITC) issued a preliminary determination that the domestic industry could be materially injured by the imports.

All six ITC commissioners voted in the affirmative Aug. 30, according to the agency.

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AMM

American Metal Market

By Daniel Fitzgerald

August 23, 2013

Felman cuts more workers amid silicomanganese lull

NEW YORK - Felman Production LLC is laying off another 100 workers at its suspended silicomanganese operations in New Haven, W.Va., due to ongoing low market pricing.

The latest cuts come after the company laid off 38 employees at the site in May (amm.com. May 20) and then temporarily suspended production at the end of June due to "challenging ferrosilicomanganese market conditions" (amm.com, June 28). "Felman has been carefully monitoring market conditions since its shutdown and its decision to further reduce its work force is a direct result of persisting low ferrosilicomanganese prices and high manufacturing costs," the company said.

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Ryan’s Notes

August 12, 2013

NA FeSi prices move higher

In the US, ferrosilicon (75%) prices rose to 91-94c per lb, ex warehouse, but news out of Europe was quiet given August holidays. One seller reported a 240 ton sale to a domestic buyer but admitted that he was not expecting to win the bid given the summer's lull in activity. "I booked a customer for three truckloads, and then they came back for an additional nine," stated the seller. 'The market has been quiet, but I think some people want to take some material as the whole antidumping case plays out in Washington."

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