European prices for ferro-silicon were likely to set more record highs in the near term, with the market already at levels not seen since Fastmarkets started to assess the market in the late 1990s.
A combination of firm fundamentals, an acute container shortage, record high freight rates, and production and transportation issues were all set to boost the metals markets at least through December and well into next year, Fastmarkets heard on Tuesday August 31.Steel mills that come to the market in September for ferro-silicon to be delivered in October will probably need to pay more than ?,?1,900 per tonne due to European production being allocated mostly for...