Ferrochrome prices fall but bottom seen
Nov 30, 2012 | 12:11 PM
| Thorsten Schier
Tags
high-carbon ferrochrome,
Thorsten Schier
NEW YORK — High-carbon ferrochrome prices have declined further as dwindling demand forces sellers to cut their prices.
"There’s not a tremendous amount going on," one trader said.
Prices are now between 94 and 99 cents per pound—a 34-month low—down from 95 cents to $1.01 previously, with truckload sales of material reported across AMM’s range in the past week.....
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