Europe settles 2d-qtr. ferrochrome benchmark at $1.27 per lb.

Mar 26, 2013 | 10:31 AM | Janie Davies

Tags  ferrochrome, charge chrome, benchmark settlement, Xstrata Alloys, Merafe Resources, Glencore International, Europe, South Africa Janie Davies

HONG KONG — Europe’s second-quarter benchmark price for charge and high-carbon ferrochrome has settled at $1.27 per pound, up 14.5 cents from the preceding quarter.

The settlement reflects rising spot prices in Europe due to tighter supply from South Africa. Producers there have cut production in order to sell the conserved power back....

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