The strong ferro-chrome market in Asia and high consumption rates in Europe continued to support Europe's ferro-chrome markets in the week ending July 6.
Indian ferro-chrome producers preferred to ramp up their offer prices into Europe rather than compete for sales, which supported prices.
Fastmarkets' price assessment for
ferro-chrome high carbon 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe rose by 3-4 cents (or 3%) to $1.18-1.25 per lb Cr on July 6, from $1.14-1.22 per lb Cr one week earlier.
"We are barely selling into the European market because of strengthening domestic demand and the high freight rates," an Indian ferro-chrome producer said.
Indian ferro-chrome producers focused on meeting strong...