European ferro-chrome price range widens in quiet market

The price range for high-carbon ferro-chrome widened in Europe in the week ended Friday May 22, with industry sources reporting deals agreed for more than 500 tonnes of material.

The price spread widened to $0.15 per lb after deals were reported that raised the higher end of the assessment.
Trading activity was said by most sources to be quiet, with only one supplier reporting deals done. But the price pushed up to match the year-to-date peak in late February, when it was assessed at $0.87-1.00 per lb delivered.

Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, moved to $0.85-1.00 per lb Cr on May 22, compared with $0.85-0.97 per lb a week earlier.
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