Tight supply, wintry weather drive up ferrochrome prices
Jan 24, 2014 | 01:46 PM
| 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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