Virtually everyone is getting more nervous about the price, however. Sellers with requirement contracts point out that the mills consumption of the ferroalloys isn’t going up at anywhere the same rate as the ferroalloy prices. In fact, US steel production is static to lower.
A few consumers report that Kazakhstan ferrosilicon might be headed to the US market. While ENRC’s production isn’t much, it does have the resources to increase output and it has the money to become a factor by trading in the commodity. Meanwhile, Indian alloy producers are converting some furnaces from manganese alloys to ferrochrome because of higher manganese ore prices.