US domestic ferrochrome prices slightly up

Tuesday, 29 August 2017 22:33:18 (GMT+3)   |   San Diego
       

On August 9, SteelOrbis reported ferrochrome (6-8 percent carbon, 60-65 percent chromium, and less than 2 percent silicon) at $3,064-3,196/mt in-warehouse Pittsburgh, after trending sideways since July.

According to sources, with global increases in China and the EU, despite low volumes trading, US domestic ferrochrome is now trading at $3,085-3,217/mt in-warehouse Pittsburgh. While the price increase was a nominal $21/mt, it reflects tight supply and continued demand in the market, and increases the possibility of a “more robust increase” into fourth quarter negotiations.


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