January 2012 | Stainless Steels
The outlook for charge chrome is improving: Alloy Highlights
Prices of high-carbon ferrochrome have edged higher as production cuts implemented in late 2011 are starting to restrict supply to the market.
Q1 charge chrome prices have slipped $0.05/lb to $1.15/lb after holding steady at $1.20/lb through Q4 2011. Prices have remained steady through January and there is a view that with some positive signs of a return in demand in the US and an improvement in the Chinese economy following the Lunar New Year prices could push higher in February. While this is ahead of MBR’s expectations, it is supported by reports from China that show ferrochrome prices for February delivery higher than current market prices.High-carbon prices trend higher on US demandPrices of high-carbon ferrochrome have edged higher as production cuts implemented in late 2011 are starting to restrict supply to the market. Although end-user demand has remained weak, the need...
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