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
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.