NEW YORK High-carbon
ferrochrome prices have picked up as consumer business
increased this past week and replacement costs are on the
Prices are now between 96 cents
and $1.03 per pound, up from 96 cents to $1 previously, with
significant consumer business reported at the lower end of the
range and truckload quantities sold to consumers at the higher
A consumer sale of four
truckloads was also reported at 98 cents per pound, while
intertrade business for truckloads was concluded at around $1
per pound, according to sources.
The rise comes as some large
domestic suppliers are tightening up their prices, raising
replacement costs for traders.
"If I go out and look for chrome
today, the best price is $1.01 (per pound). The people who have
chrome are very limited," one trader said. "I could maybe see
it rise up to $1.05 to 1.07 (per pound)."