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...
