Ferrochrome prices up on producer push

Apr 13, 2012 | 04:41 PM | Thorsten Schier

Tags  low-carbon ferrochrome

NEW YORK — Low-carbon ferrochrome producers, who have been unhappy with the narrow spread between low- and high-carbon ferrochrome prices this year and a growing discount to the European market, have been pushing up prices.

"There’s been a serious effort by the big producers to get the price up to a more traditional premium (to high-carbon ferrochrome), and it’s slowly gaining some acceptance from people," one trader said.

Prices for 0.10-percent low-carbon ferrochrome rose to between $2.13 and $2.17 per pound Thursday from $2.10 and $2.12 per pound previously. Prices had been stuck in a range between $2.08 and $2.12 per pound since mid-February. ....

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