Limited ferro-chrome availability continues to drive up European prices

The ferro-chrome market in Europe continued to strengthen over the week to Tuesday February 16 due to tight global supply, resulting in consumers looking for material needing to accept higher offer prices.

Fastmarkets’ price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe rose by $0.02-0.06 per lb (3.4%) to $1.12-1.18 per lb Cr on Tuesday, from $1.10-$1.22 per lb Cr on February 9.
Correspondingly, the price for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe rose by $0.02-0.06 per lb (3.4%) to $1.12-1.18 per lb Cr on the same day, from $1.10-$1.22 per lb Cr.

Some producers with a...

Published

Jon Stibbs

February 17, 2021

17:15 GMT

London