SPOTLIGHT: Mills’ failure to pass on FeCr benchmark discounts irks stockists
Jun 14, 2012 | 10:37 AM
Ferro-chrome and nickel pricing mechanisms are prompting a new wave of complaints from stainless steel stockists, market participants told Metal Bulletin at the International Chromium Development Assn Members Meeting in Kyoto, Japan.
Stainless steel stockists – direct customers of the mills – argue that they are unfairly treated as a result of the way in which the quarterly ferro-chrome benchmark is passed on to them in the monthly alloying surcharge applied by mills.
The benchmark price is agreed between South African ferro-chrome producers and European mills every quarter.
When the headline number is agreed, suppliers....
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