Sluggish demand and ample supply continue to suppress ferro-alloy prices. Prices remain under pressure around the world, with a reversal in pricing momentum not expected before late August. Demand from steelmakers remains subdued, as seasonally slower conditions result in production cuts, and in turn, reduced demand for ferro-alloys. Downward pressure on both speciality and bulk alloy and ore prices will persist in the near term as alloy producers struggle to move material amid stagnant demand. Competition for the limited business available is leading to further pricing declines early in the third quarter.
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