Strong Chinese market supports Europe FeCr prices

The European ferro-chrome market was supported over the week to March 2 on tight supply and strong demand from China where the market has been buoyed following a rise in tender prices, sources said.

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 per lb Cr (2.5%) to $1.15-1.35 per lb Cr on Tuesday, from $1.12-1.32 per lb Cr on February 23.
Fastmarkets' corresponding price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe rose by $0.03 per lb Cr (2.5%) to $1.15-1.35 per lb Cr on Tuesday from $1.12-1.32 per lb Cr the week before.

“We’ve sold a lot into Europe this week after strong demand in China justified higher prices,” one producer...

Published

Jon Stibbs

March 03, 2021

16:55 GMT

London