Fastmarkets’ ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe
was assessed at $0.76-84 per lb on March 20, a fall of 2-4 cents per lb or 3.6% week on week.
Some producers significantly cut their ferro-chrome prices to win the limited business that was available, sources said.
“The market is tanking, Chinese tender prices are down
, European mills are closing,” a producer said. “We are selling what we can, when we can.”