May 2012 | Steel Raw Materials
Japanese mills come into line with Europe mills on ferro-chrome contract: Ferro-alloy Highlights
Japanese mills resist increases in chrome contract values but recognise that supply-side tightness make the case for a price rise.
With the stainless market remaining flat but stable, in Japan mills have been resisting increases in chrome contract prices. Nevertheless, at the end of April, Japan’s largest stainless steel producer Nippon Steel and Sumikin Stainless Steel (NSSC) accepted the same second-quarter contract price for its South African ferro-chrome, as European mills and South African producers had agreed a 20¢/lb rise earlier in April. Contract...
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