The ferro-chrome market in Europe continued to strengthen over the week to Tuesday February 16 due to tight global supply, resulting in consumers looking for material and needing to accept higher offer prices.
Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe rose by $0.02-0.06 per lb (3.4%) to $1.12-1.28 per lb Cr on Tuesday, from $1.10-$1.22 per lb Cr on February 9.Some producers with a shortage of material have moved away from the spot market or have refused to...