Coronavirus sparks ‘panic’ in Europe’s high-carbon ferro-chrome market

High-carbon ferro-chrome prices in Europe have slumped by 10.3% since February 28 because of the impact of the novel coronavirus (2019-nCoV) on demand and economic activity generally

Ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe narrowed downwards to $0.80-0.86 per lb week on week on Friday March 16 from $0.82-0.95 per lb, according to Fastmarkets assessment. “The coronavirus has had a profoundly negative impact on the market, especially DDP Europe,” a producer said. “I truly don’t believe this will be sustained in the long term but...

Published

Jon Stibbs

March 16, 2020

16:06 GMT

London