Ryan’s Notes
June 13, 2014

US SiMn price drops, EU holds

Prices for silicomanganese dropped this past week in the US from 59.5-61₵ per lb, ex-warehouse, to 58.5₵ per lb as the low, and then further to 57-61₵ per lb. Initial drops were brought on as a large US-based steel producer began to close on its requirements for a multitude of mills. The additional softening was noted from another US steel producer, closing on many hundred tons of material.  The second buyer also reported even lower figures from a steel producer-owned trading company. While several producers and principal importers quoted in the low 60₵ range for many sites, ultimately lower prices prevailed in the various concluded deals this past week.

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American Metal Market
AMM
June 12, 2014
By Daniel Fitzgerald

Felman looks to restart output in June

NEW YORK - Falman Production LLC is hoping to restart its New Haven, W.Va., silicomanganese plant by the end of June, but has yet to reach an agreement with electricity supplier Appalachian Power Co. (APCo).

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Ryan’s Notes
June 6, 2014

 Mn alloy spot sales simmer

Spot sales of manganese alloys were less common over the past week as market participants awaited the outcome of a number of tenders and RFQs, both in Europe and US. In Europe, spot sales were down a bit last week, and most Germany mills were believed to have closed on their requirements. In the US, one large steel producer was looking to sign supply deals for multiple locations across the country. A decision was anticipated Friday, although sales figures were unavailable at that time.

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American Metal Market & Metal Bulettin
AMM
June 2, 2014
By Daniel Fitzgerald

Silicomanganese mart eyes Felman; moly tags move up

NEW YORK - The silicomanganese market is awaiting the outcome of Felman Production LLC's attempt to restart production as well as a high-volume request for quotation (RFQ).

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Platts
June2, 2014
By Bob Matyi

Felman SiMn restart now pegged for mid-June: USW

Felman Production continues to recall workers at its idled 105,000 mt/year silicomanganese plant in New Haven, West Virginia, in preparation for a possible restart later this month, a United Steelworkers union official said on June 2. 

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