AMM

American Metal Market

By Daniel Fitzgerald

July 29, 2013

Ferrosilicon market expects Globe to shift production

NEW YORK - Ferrosilicon market participants continue to speculate that Globe Specialty Metals Inc. will convert some of its furnaces to ferrosilicon production if its anti-dumping petition against Russian and Venezuelan material is successful.

Globe, along with Calvert City, Ky.-based CC Metals & Alloys LLC, recently filed a petition with the Commerce Department and the International Trade Commission alleging that Russian and Venezuelan ferrosilicon is being sold in the United States at less than fair value (amm.com, July 22).

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AMM

American Metal Market

By Daniel Fitzgerald

July 23, 2013

Ferrosilicon ‘floor’ seen likely after filing

NEW YORK - U.S. imports of Russian and Venezuelan ferrosilicon will likely fall following the filing of an anti-dumping petition seeking duties against the product, creating a "floor" for domestic pricing, market participants said.

Russian and Venezuelan ferrosilicon is allegedly being sold in the United States at less than fair value, according to the July 19 petition filed with the Commerce Department and the International Trade Commission (amm.com, July 19). The petition was filed by CC Metals & Alloys LLC and Globe Specialty Metals Inc., and targets Russian and Venezuelan ferrosilicon imports handled by Allegheny Alloys Trading LP, CCMA LLC, Ferroatlantica North America Inc. and Russian Ferroalloys Inc.

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AMM

American Metal Market

By Daniel Fitzgerald

July 15, 2013

Silicomanganese traders aggravated by price drop

NEW YORK - Silicomangancse prices have dropped again, although several traders continue to complain that the market is being unfairly influenced by isolated cut-price sales rather than supply or demand fundamentals.

AMM’s silicomanganese price dropped to 49 to 51 cents per pound July 11 from 52 to 53 cents previously, with more high-volume transactions reported at the lower end of the range.

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Ryan’s Notes

July 8, 2013

Felman shutdown has little impact 

Felman Production has stopped operations at its New Haven WV, silicomanganese smelter for at least three months (July through September) due to poor market conditions. During this period, the smelter's in-house slag processing unit will remain operational. 

Felman did not declare force majeure on contract shipments, and it has not been a major player in the spot market for some time. Its low-cost Georgian silicomanganese plant will contin­ue to operate; many of Felman’s largest US customers take the Georgian high-manganese content (min. 72% Mn but typical­ly 73-74% Mn) high P (max. 0.35% P) material. 

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AMM

American Metal Market

By Daniel Fitzgerald

July 2, 2013

Felman ceases oparations at silicomanganese plant

NEW YORK – Felman Production LLC has ceased operations at its New Haven, W.Va., facility for three months due to “continuous challenging ferrosilicomanganese market conditions.”

The company had already idled one of three electric-arc furnaces at the site this spring and started reducing its workforce in response to declining silicomanganese prices and rising manufacturing cost (amm.com, May 20).

“Since the economic and market conditions continue to deteriorate, the decision to cease operations of all of its three furnaces immediately was difficult, but inevitable,” the company said. “ Within the next two months, Felman plans to reevaluate market conditions to determine whether operations will resume earlier or if the plant will remain closed for an additional period of time.”

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