The European charge and high-carbon ferro-chrome benchmark for the second quarter of 2021 has leapt up to $1.56 per lb Cr, a jump of 38.5 cents (32.77%) from the first quarter.
The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa.The benchmark is a forward-looking price for the coming quarter. It is settled via negotiations between a leading South African ferro-chrome producer and a major European stainless steel mill...