Ferro-chrome spot prices dropped in Europe amid weaker demand and a lower benchmark for the fourth quarter.
European ferro-chrome price drops after lower benchmark announced Ore and alloy prices stable in China Alloy prices hold in Japan, South Korea US spot price under pressure from European benchmark settlement The European spot high carbon ferro-chrome price dropped for the fourth consecutive week on Friday October 5 on weaker demand and following the announcement of a lower ferro-chrome benchmark for the fourth quarter. Fastmarkets MB's price quotation for high-carbon ferro-chome, delivered in Europe dropped to $1.15-1.28 per lb on Friday, from $1.18-1.28 per lb previously. Supply remains steady and material is readily available for prompt delivery at $1.15-1.20 per lb, sources said. Fastmarkets MB's price...