The high-carbon and low-carbon ferro-markets in Europe increased in price last week, while industry sources reported around 900 tonnes of done deals in the former and about half of that for more refined-grade material.
The high-carbon ferro-chrome price spread narrowed to $0.12 per lb after deals were reported that raised the lower end of the assessment."China's [heavy industry] is doing OK and has the potential to absorb a lot of volumes," one European supplier said. "Hopefully, we will see [heavy industry in] Europe and the United States coming back soon, and then...