The ongoing strong performance in India's ferro-chrome market has been a tailwind for the Japanese and South Korean markets, with suppliers pushing up their offer prices even though these had not yet fed into confirmed business, sources told Fastmarkets.
Fastmarkets' fortnightly price assessment for ferro-chrome, high carbon, 57-65% Cr, cif dup Japan ticked up to $0.68-0.72 per lb on Thursday, up by 2.2% from $0.67-0.70 per lb on August 13.Prices in the Indian market have been underpinned by resilient demand from the downstream stainless steel sector and tightening availability after...