The attraction of high sales volumes and good netbacks in China continued to tighten supply and supported prices for ferro-chrome in Europe in the week to Tuesday February 2.
Ferro-chrome producers have targeted China, attracted by the high demand, rather than Europe. This has reduced the volumes available in Europe, which in turn has increased prices."The ferro-chrome market has gone crazy everywhere," a producer in India told Fastmarkets. "However, you can get much larger volumes in China, so there is much more interest there than...