US ferrochrome prices up on high demand, thin supply

Dec 04, 2007 | 06:46 AM | Meghann McDonell

U.S. low-carbon ferrochrome prices are soaring on strong demand from the specialty steel and foundry sectors and high-carbon ferrochrome is continuing to climb, market sources said.

Global demand for both grades of ferrochrome is expected to outstrip supply into 2009, they said.

Low-carbon 0.05-percent grade has surged to between $2.25 and $2.40 per pound in the United States from a previous range of $1.90 to $1.95 per pound; 0.1-percent ferrochrome is now $2.15 to $2.30 per pound, up from $1.65 to $1.70 per pound; while 0.15-percent grade is $1.75 to $1.90 per pound, up from $1.65 to $1.70 per pound.....

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