On May 30, SteelOrbis reported high carbon ferromanganese (78 percent manganese, 7.5 percent carbon) trading at $1,407-1,456/mt in-warehouse Pittsburgh.
According to sources, high carbon ferromanganese is presently trading at $1,417-1,476/mt in-warehouse Pittsburgh. This price adjustment represents an increase of $10/mt from the bottom of the previous range and $20/mt from the top of the same range based on tight supply and strong demand. The spot market has been active through June with Q3 and H2 negotiations.
A source noted that short-term trades may continue lifting prices on tight supply and continuous active consumer demand.