On October 24, SteelOrbis reported US domestic ferrosilicon at $2,116-2,160/mt in-warehouse Pittsburgh.
Sources inform SteelOrbis that spot prices have declined to $2,049-2,116/mt in-warehouse Pittsburgh as buyers and sellers are engaged in long-term contract negotiations typical for the end of the year. While the market softened through October into November, further deep discounts are not expected due to strength in various international markets.