NEW YORK Indian steelmaker Tata Steel Ltd. is making a foray into the U.S. ferrochrome market through an agency agreement with Promet Group LP, AMM has been told.
The company reportedly has already made long-term proposals through Canonsburg, Pa.-based Promet and has material in the United States.
Tatas ferroalloys and minerals division offers high-carbon and charge chrome, with both of the materials to be sold through Promet.
Its material has a 48- and 62-percent chrome content, with silicon content between 2.5 and 4 percent, according to its website.
The Mumbai-based steelmaker makes high-carbon ferrochrome at a facility in Bamnipal, India, with an annual production capacity of 60,000 tonnes; at a plant in Cuttack, India, with a production capacity of 50,000 tonnes per year, where it also makes manganese alloys; and produces charge chrome at a facility in Richards Bay, South Africa, with a production capacity of 130,000 to 150,000 tonnes per year, according to its website.
Long-term negotiations are ongoing in the high-carbon ferrochrome market, with deals already concluded said to be at higher discounts than a year ago (amm.com, Nov. 30).
High-carbon ferrochrome prices stand at a 34-month low of 94 to 99 cents per pound.
Tata didnt respond to a request for comment.