In high-carbon trading, industry sources reported deals agreed for more than 1,000 tonnes of alloy that raised the upper end of the price assessment. And deals for about 350 tonnes of more refined-grade material were reported, which had the same effect on the price range in that market.
In a repeat of market movements in the previous week, most trade sources said that the European high-carbon ferro-chrome market was quiet in the week to May 29, with just one supplier reporting steady business.
Fastmarkets’ price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe
, widened upward by $0.01 per lb to $0.85-1.01 per lb Cr on May 29.
“The EU market continues to strengthen [after lockdown periods because of stimulus measures] and people are getting back to work. [We have] seen more liquidity and confidence [because of] this...