At the same time, the European low carbon ferro-chrome market fell further amid persistently weak demand and aggressive offers from sellers.
High carbon ferro-chrome in Europe nudges upward
Low carbon ferro-chrome in Europe continues to fall
Ore and alloys prices in China unchanged amid limited spot trades
Alloys tender prices in China little changed from last month
Disappointing tender prices may dampen expected ore price rise
US ferro-chrome market softens on weak activity
The European high carbon ferro-chrome market recovered slightly last week, when some market participants said prices had reached a bottom.
Fastmarkets’ price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe stood at $0.72-0.80 per lb on September 6, narrowing upward by 2 cents from $0.70-0.80 per lb a week earlier.
“The market has reached its bottom - no one can afford to produce at these levels,” a producer said. “But demand has not...