Ferro-chrome import prices in Japan, South Korea sink to multi-year lows on weak demand

Import prices for high-carbon ferro-chrome in Japan and South Korea have fallen to near four-year lows on weakened demand, after stainless steel mills in both countries cut production due to the outbreak of novel coronavirus (2019-nCoV).

Fastmarkets’ fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan slid to $0.65-0.70 per lb on Thursday March 12, a drop of 2-3 cents per lb or 2.9% from $0.68-0.72 per lb on February 27, with the price now residing at its lowest since the assessment was launched in April 2016.

Similarly, Fastmarkets’ fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup South Korea softened to $0.65-0.68 per lb on Thursday, declining by 1...

Published

Siyi Liu

March 13, 2020

06:34 GMT

Shanghai