Key data from Fastmarkets' pricing sessions in Europe, India, the United States and China on Friday May 21.
Europe The manganese alloys markets jumped in line with inter-merchant demand ahead of expected renewed activity from steel mills in June for third-quarter delivery settlements. This prompted more buying interest for short covering as it soon became clear there was a shortage of material around Europe, trade sources said. There have been production cuts in Europe recently and replacement costs are difficult to locate and expensive. Traders said availability of Indian silico-manganese was hampered by logistical constraints due to a shortage...