April 2012 | Stainless Steels
High inventory levels remain a theme across the ferro-alloy markets: Alloy Highlights
Second quarter ferro-chrome prices have climbed as a result of further furnace closures in South Africa; in the current climate, it is no longer profitable for exporters to produce material, there is simply not the demand for Europe especially for material.
Ferro-silicon prices for the second quarter have been settled at higher prices than those in Q1 2012 in Europe, despite the continued uncertainty in the economic outlook. Prices have been supported by positive crude steel production through March, according to the latest WSA data, although MBR is well aware of the regional discrepancies in the market; northern Europe is fairing far better than southern Europe where the sovereign debt crises continues to be a thorn in the side. Steel production capacity...
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