Glencore warns of ‘challenging’ ferro-chrome market in near term

Ferro-chrome market conditions will remain challenging in the near term due to oversupply and macroeconomic factors, Glencore warned on Wednesday August 7.

The trader-miner noted an average charge chrome price of 81 cents per lb in the first half of 2019, referencing Fastmarkets’ ferro-chrome index 50% Cr import, cif Shanghai, $/Ib contained Cr, down by around 16% year on year.

The index has held at a two-year low of 72 cents per lb...

Published

Janie Davies

August 07, 2019

08:00 GMT

London