High-carbon ferrochrome prices weaken

Jun 21, 2013 | 02:07 PM | Daniel Fitzgerald

Tags  ferrochrome, high-carbon ferrochrome, ferrochrome prices, ferrochrome demand, requests for quotations, tender, Daniel Fitzgerald

NEW YORK — High-carbon ferrochrome prices have weakened slightly, with market participants forecasting further price drops as traders fight for remaining third-quarter tenders.

High-carbon ferrochrome widened to a range of 98 cents to $1.02 per pound from 99 cents to $1.02 previously.

Market participants said there were as many as four separate high-tonnage requests for high-carbon material currently in the market, but certain traders are likely to get "very aggressive" in their pursuit of the business.....

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