December 2015 | Steel Raw Materials
Russian outage to lend brief support to Euro FeCr: Ferro-alloy Market Analysis
China’s Tsingshan Group reduced its high-carbon ferro-chrome bid price by RMB580/t from November to RMB5,420/t for December.
European ferro-chrome prices may see a temporary boost on the news that Yildrims Russian ferro-chrome plant has declared force majeure. A fire at the companys Tikhvin Ferro-alloy Plant has necessitated the force majeure, with the 130,000 tpy plant due to be offline for six months. The outage will result in the loss of an estimated 30,000 tonnes. Yildrim, however, is confident that customers...
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