High-carbon ferro-chrome prices in Europe rise further on tighter supply

The market for higher grades of high-carbon ferro-chrome in Europe rose strongly in the week ended Tuesday February 9 due to a shortage of available material while suppliers focused their attention on Asia.

Fastmarkets’ price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.03-0.07 per lb (1.8%) on Tuesday to $1.10-1.22 per lb Cr, from $1.07-$1.15 per lb Cr on February 2.
The corresponding price for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, rose by a similar amount and percentage on Tuesday to $1.10-1.22 per lb Cr, from $1.07-$1.15 per lb Cr.
A combination of tight supply and strong demand for ferro-chrome from China has led producers to increase the offer prices on the limited volumes of material available to the European market.
Some producers were uncertain whether to increase prices in Europe and reduce sales volumes there while increasing material flows to other markets.

“We are in...

Published

Jon Stibbs

February 10, 2021

17:55 GMT

London