Strong stainless steel market supports European high-carbon ferro-chrome price

The market for the higher grade of high carbon ferro-chrome inched upward on Tuesday May 11 due to strong end-use demand, while the lower grade ticked down following lower offers for Indian material.

Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe price assessment widened upward by 1 cent (0.4%) to $1.20-1.49 per lb Cr on Tuesday May 11 from $1.20-1.48 per lb Cr a week earlier.
Accordingly, Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe price assessment also widened upward by 1 cent (0.4%) to $1.20-1.49 per lb Cr over the same period.
Market participants attributed the price increases to strength in the downstream stainless steel market that supported ferro-chrome consumption.

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