Fastmarkets’ price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe
was $2.78-3.10 per lb Cr on Tuesday, an increase of 5 cents, or 1.7%, from $2.73-$3.05 per lb Cr one week earlier.
“Several of the producers won’t sell now as they say they are sold out,” a trader said.
Additionally, some producers face high logistics costs due to escalating container rates, which has led them to seek alternatives to their traditional routes, as well as increasing electricity costs.
“Logistical costs remain high and we have had to truck our material to...