Tight supply, wintry weather drive up ferrochrome prices

Jan 24, 2014 | 01:46 PM | Daniel Fitzgerald

Tags  high-carbon ferrochrome, ferrochrome prices, ferrochrome supply, DLA Strategic Materials, Daniel Fitzgerald

NEW YORK — U.S. high-carbon ferrochrome spot prices have risen further in a market challenged by a supply dearth and wintry weather conditions.

High-carbon ferrochrome has moved to a range of $1.08 to $1.11 per pound from $1.04 to $1.06 previously.

Domestic supply is getting squeezed between two major suppliers, both of which reported little trouble in finding buyers at higher numbers.

"We booked to the trade and end-users with no issues. I feel that I could offer any price I like and maybe only lose a few customers. ... Supply is scarce and is in strong hands," one supplier source told AMM.....

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