NEW YORK Low-carbon
ferrochrome prices continue to rise, with producers unwilling
to sell at lower levels over the past few weeks.
"The big players out there
arent offering anything below $2.30 (per pound)," one
Prices for 0.10-percent material
have risen to $2.20 to $2.25 per pound from $2.18 to $2.23
previously. Truckloads of business have been reported at the
higher end of the range this past week.
Prices for 0.05-percent material
have been swept along in the process, rising to $2.38 to $2.42
per pound from $2.35 and $2.40 per pound.
"Ive heard of people
looking for hundreds of tons (of 0.05-percent material)," a
second trader said, adding that this was surprising in what is
a fairly small U.S. market. "(It) seems to be really going
While led by a producer push,
the rise is also due to solid demand from specialty metals
producers, who are among the biggest users of low-carbon
"Weve seen no slowdown
from the specialty guys," the first trader said, comparing it
with a recent pullback from stainless steel producers.
"Stainless is going backwards.
We were expecting this in June, so were two months ahead
of schedule," the second trader agreed.