The European markets for both high- and low-carbon ferro-chrome, delivered, softened in the week ended Friday June 26 in response to weak consumption.
Both consumers and producers of ferro-chrome said that they would be reducing their outputs by more than usual during the summer slowdown in 2020, in response to the low economic activity.
Fastmarkets' weekly assessment of the price for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe widened to $0.82-1.05 per lb Cr on June 26.
This was the second consecutive week...