NEW YORK DLA Strategic
Materials failed to make any high-carbon ferrochrome sales in
its first offering of the material in 17 months.
The Fort Belvoir, Va.-based
agency instead sold 585 tons of low-carbon ferrochrome for
$1.53 million during October, this is equal to a selling price
of $1.91 per pound (chrome contained), according to
The material was sold to the
Pittsburgh-based ferroalloys arm of David J. Joseph Co.; Medima
LLC, Clarence, N.Y.; and Chemalloy Co. Inc., Bryn Mawr, Pa.
Market participants previously said they were worried about
the possible impact of a high-carbon ferrochrome sale in an
already depressed market due to weak demand from the stainless
amm.com, Oct. 19).