Market participants were still awaiting news from Felman Production with regard to the plants imminent restart. As of last week, an energy agreement still had not been signed, and there was no publically available expectation as to when the deal would close. While Georgian American Alloys (GAA) idled one of its furnaces in Georgia, the re-start of Felman Production was expected to make up for the difference in output by replacing imports of the material, according to sources.

In Europe, while there was a projection in early June that silicomanganese prices would rise, tags initially held firm, and then dropped as several buyers closed at lower volumes. Major deals were closed as low as €810 per mt, DDP, while the range still holds at €810-845 per mt, DDP. The highest figures witnessed early in June have likely ended as competition among sellers increased ahead of the summer slowdown.