Ferro silicon at near 17-mth high on supply tightness

Newswire

LONDON, March 25 (Reuters) - Steel ingredient ferro silicon jumped to a 16-1/2 month high this week, as traders said supply tightness and an uptick in demand helped push prices higher. Ferro silicon traded at $1,750/$1,950 a tonne compared with $1,375 a tonne last week, to touch a level not seen since early November 2008. "We seem to be on quite a steep curve upwards," said one trader. "It just takes a few traders -- we're a very small bunch of people trading this in Europe." "It's ...

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