Europe high-carbon ferro-chrome market rises for third week

The high-carbon ferro-chrome market price in Europe increased in week ending February 7, with some producers reporting consumers were readily accepting higher offer prices, Fastmarkets was told.

Fastmarkets’ ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe price assessment widened by 3-4 cents per lb to $0.85-0.96 per lb on Friday February 7.
“Sellers are trying to push prices higher for traders and consumers - and are finding less resistance from consumers,” a producer said. “It looks like there is a steady increase in prices.”
This was the third consecutive week that the market has strengthened and liquidity has been relatively high.

Some market participants, however, doubted...

Published

Jon Stibbs

February 10, 2020

18:15 GMT

London