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...