On June 29, SteelOrbis reported silicomanganese spot pricing in the US market at $1,366-1,455/mt in-warehouse Pittsburgh.
According to the most recent reports, the silicomanganese market is presently quiet with limited trading heard at $1,344-1,433/mt in-warehouse Pittsburgh. This represents a slight decline of $22/mt. The market is expected to remain steady due to limited activity; according to sources, most mills have established contracts for sufficient fulfillment through the third quarter at June prices, but at slightly lower pricing outlook for fourth quarter contracts.
While import silicomanganese is purchased from a variety of countries, a source noted recent offers of Indian silicomanganese in the market at $1,070-1,120/mt FOB Indian port.