Rise in low- and high-carbon alloy prices in Europe
Spot alloy prices firm in China on higher Tisco tender price
Imported alloy price in China steady
Imported chrome ore prices stable
US alloys fall amid weak demand.
Prices for the strongly subdued markets for high- and low-carbon (0.10% C) ferro-chrome in Europe rose in the week ended Friday September 20 following a tightening of supply.
Fastmarkets’ assessment of the price of ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, narrowed upward by 2-3 cents to $1.61-1.72 per lb on Friday.
Prices had sunk to a ten-year low with producers competing for the limited liquidity available in the market.
But this period of aggressive offering between producers has ended, according to one producer. “No one is lowering their prices any longer,” he said.
Instead, the market should continue to strengthen further, another producer said. “I don’t doubt that low-carbon ferro-chrome...