The European ferro-silicon spot market price has widened in its current range. Illiquid trading conditions after the recent settlement of quarterly delivery contracts has prompted a greater offer price spread. Although ferro-silicon availability is not plentiful, there should be enough material around even if the major steelmakers decide to boost their intake of raw materials. This should cap the market at 1,300 euro/tonne in the coming weeks. US spot ferro-silicon prices have been supported in recent weeks by underlying consumption in the steel sector and relatively low levels of alloy stocks.
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