Chrome steel prices in the UK edged higher in the week ended Friday March 29 on an increase in the quarterly European ferro-chrome benchmark price, Fastmarkets has learnt.
The price of steel scrap solids with a chromium content of 12-13% was assessed by Fastmarkets on March 29 at ?190-230 ( ?249-302) per tonne delivered, widening upward by ?10 per tonne. This was the first change in the assessment since October last year.The corresponding price for steel scrap solids with 16-17% chromium was assessed on the same day at ?240-470 per tonne, also widening upward by ?10 per tonne. This assessment had been unchanged since February 1.The increases were driven by the settlement, for...