Ferrochrome prices plunge on anemic demand

Oct 12, 2012 | 01:34 PM | Thorsten Schier

Tags  high-carbon ferrochrome, Thorsten Schier

NEW YORK — High-carbon ferrochrome prices continue to weaken in the domestic market as consumption levels have failed to reach expectations.

"Nobody’s buying what they would normally buy," one trader said, adding that with little positive economic news on the horizon, most sellers are eager to lock in any existing business. "It’s better to sell now....

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