Europe ferro-chrome prices 'tanking', logistical woes escalate

The market for high-carbon ferro-chrome delivered into Europe fell to its lowest since May 2009 amid profound uncertainty about the economy and growing logistics problems in response to the novel coronavirus (2019-nCoV) pandemic.

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.”



Jon Stibbs

March 23, 2020

14:55 GMT