YORK High-carbon ferrochrome prices have declined
further as dwindling demand forces sellers to cut their
"Theres not a tremendous
amount going on," one trader said.
Prices are now between 94 and 99
cents per pounda 34-month lowdown from 95 cents to
$1.01 previously, with truckload sales of material reported
across AMMs range in the past week.
Prices have been crimped in
recent months by falling demand for the material, particularly
from the stainless steel industry, and more-than-ample
Sources do not expect tags to
fall much further, however, as current price levels are already
at or below cost for some producers.
"Something has to give," one
producer source said. "Youre just moving cash (at these
While demand has fallen, imports
of the material have climbed significantly in recent months,
with a 16-month high of 63,302 tonnes making their way into the
U.S. market in September compared with only 13,797 tonnes in
the same month last year, according to the latest U.S. Customs
figures. But year-to-date imports of 355,251 tonnes remained
4.8 percent below 372,980 tonnes in the fist nine months of
While domestic prices were lower
again this past week, prices for the material have risen
recently in Europe and China, according to AMM sister
publication Metal Bulletin.