The low-phosphorous price also ticked up week on week, as did Turkish lumpy chrome ore, while the UG2 index to China remained flat.
Sources attributed the price rises to short-covering activity and warn there could be more price increases if the Covid-19 pandemic is not brought under control.
Fastmarkets assessed the
ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe price at $0.83-0.95 per lb on Friday April 3, up three cents on the top end of the range week on week.
The
ferro-chrome low phosphorous, min 65% Cr, max 0.015% P, delivered Europe market moved up a cent to $0.91-0.97 per lb on the same day.
Quarantine measures are being ramped up across Europe, while the continent combats the spread of the coronavirus. The restrictions are hindering workers’ ability to run plants and transport material, while...
