The European spot ferro-silicon price, which widened up to ?,?1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.
They told Fastmarkets that the last time the price was this high was in November 2018.Fastmarkets price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe was ?,?1,200-1,300 ($1,449-1,570) per tonne ddp on Friday, compared with ?,?1,200-1,250 per tonne a week earlier. The market has been on an upward trend since August 2020 when it fell to an annual...