- Alloy prices in Europe still weakening at lowest levels since 2009
- Ore and alloy prices hold in China
- Alloy prices tick up in South Korea on potential Indian supply disruption
- US FeCr prices remain flat on thin trading
The European ferro-chrome price softened slightly to a fresh ten-year low on Friday August 30 in response to continued stiff producer competition.
Fastmarkets’ price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe
stood at $0.70-0.80 per lb on August 30, widening downward by 1 cent from $0.71-0.80 per lb a week earlier. The latest assessment marks the lowest since May 2009.
Competitively priced material is available from producers vying for limited volumes of spot liquidity.
“If you want to win business, sometimes you have to be prepared to take a hit,” a producer said.
This has resulted in a...