European chrome alloy markets inch upward with buyers returning

Prices for high-carbon and low-carbon ferro-chrome delivered in Europe have inched upward over the week ended Tuesday September 1, with participants returning to the market after the summer holiday break.

Fastmarkets’ weekly assessment of the price for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, rose by $0.01 per lb Cr or 1.1% to $0.81-0.95 per lb Cr on Tuesday.
“Customers are starting to come back and ask for material, and while tonnages are being moved increasingly, it is not at great prices,” a producer said.

Alloy consumption has picked up, particularly in Italy and Germany, according to market participants. The stainless steel...


Jon Stibbs

September 02, 2020

16:20 GMT