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MANGANESE SNAPSHOT: European alloy prices head higher

Key data from Fastmarkets’ pricing sessions in India, Europe, China and the United States on Friday September 17.

Europe Prices for manganese alloys used in flat steels headed higher in Europe in the week to Friday September 17, with high-carbon ferro-manganese resuming a run higher, which originally began at the start of August, after a brief pause last week. Tight domestic availability in Europe and expensive replacement costs, along with historically high manganese flake prices, have been behind the bull run in manganese alloys in general. The most recent price increases, however, have been signs of buying interest from consumers for fourth-quarter smelting schedules. Manganese alloys suppliers are positioning themselves for firm buying interest from domestic steelmakers in the next few..