Supply crimp, demand recovery maintain surge in European ferro-chrome prices

The attraction of high sales volumes and good netbacks in China continued to tighten supply and supported prices for ferro-chrome in Europe in the week to Tuesday February 2.

Ferro-chrome producers have targeted China, attracted by the high demand, rather than Europe. This has reduced the volumes available in Europe, which in turn has increased prices.
Fastmarkets’ price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, rose by $0.06-0.07 per lb (6.8%) to $0.97-1.07 per lb Cr on February 2, up from $0.91-1.00 per lb Cr on January 26.

“The ferro-chrome market has gone crazy everywhere,” a producer in India told Fastmarkets. “However, you can get much larger volumes in China, so there is much more interest there than...

Published

Jon Stibbs

February 04, 2021

20:23 GMT

London