Strong demand supports high-carbon ferro-chrome prices in Europe

The European high-carbon ferro-chrome market saw relatively strong trading in the week ended Tuesday November 30, with some market participants reporting persistent high demand, pushing up the top end of Fastmarkets’ price range.

Fastmarkets’ price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, widened upward by 3 cents per lb to $1.75-1.90 per lb.
“It’s not softer in Europe. Demand is ‘through the roof’ and we can’t keep up with it,” a seller source said.
Demand for cars continued to play a part, he added, saying that automotive companies were reporting full order books, meaning that steel demand would remain high.

He acknowledged, however, that the traditional year-end slowdown was approaching, and with that would come a period of...

Published

Claire Patel-Campbell

December 01, 2021

13:30 GMT

London