Tight supply continues to support ferro-chrome prices in Europe

The high- and low-carbon ferro-chrome markets in Europe were at multi-year highs over the week ended Tuesday November 23, with supply continuing to be tight and producers seeking to pass costs on to consumers.

Fastmarkets’ price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, was $4.00-4.25 per lb Cr on November 23, up by 16-20 cents (+4.6%) from $3.80-4.09 per lb Cr on November 9.

“The market has moved from major over-supply to under-supply since prices were last at this level [in 2008],” a producer source said. “Back then, China was developing as a stainless steel producer and global low-carbon supply was much higher. We think global demand to meet infrastructure projects mean that the best is yet to come.”

But liquidity was relatively light and market participants reported that it was difficult to find...

Published

Jon Stibbs

November 24, 2021

19:10 GMT

London