NEWSBREAK: European ferro-chrome benchmark jumps to $1.14 per lb for Q2 2020

The European charge and high carbon ferro-chrome benchmark has jumped by 13 cents, or 12.9%, to $1.14 per lb for the second quarter of 2020.

The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is settled via negotiations between a leading South African ferro-chrome producer and a major European stainless steel mill; usually Glencore and Luxembourg-based mill Aperam.

The latest bounce in the benchmark puts the price back up at a...

Published

Declan Conway

April 22, 2020

09:43 GMT

Galway