June 2017 | Steel Raw Materials
FeCr, nickel prices collapse to dampen Q3 stainless talks: Ferro-alloy Market Analysis
Falling ferro-chrome and nickel benchmarks have weighed heavily on European stainless steel prices, as alloy surcharges will be reset for July deliveries.
While a downward trend persisted in European and Asian ferro-chrome prices, China, contrarily saw a slight rebound with US ferro-chrome prices largely stable this week. Metal Bulletins price quotation for Chinese domestic spot ferro-chrome stood at RMB5,700-6,200/t ($837-910/t) on Friday 16th June, edging higher from the previous weeks assessment of RMB5,500-6,000/t. The push in Chinese high-carbon ferro-chrome prices has been mainly caused by higher offers from South African chrome ore miners, further exacerbated by an explosion at Chinas top ferro-chrome producer, Inner Mongolian Xinganglian Metallurgys...
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