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...