SteelOrbis reported on April 10 standard grade (75 percent silicon) ferrosilicon prices in the US domestic spot market at $1,653-$1,741/mt in-warehouse Pittsburgh.
According to sources, the spot price has trended sideways due to limited market activity which is not expected to change through April. The present Chinese market situation may result in import prices decreasing in April resulting in lower prices within the US market in May, therefore, buyers are in a wait-and-see mode, noted a source.