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Ferrochrome prices hold amid steady demand

Keywords: Tags  ferrochrome prices, high carbon ferrochrome, low carbon ferrochrome, South Africa power, Daniel Fitzgerald

NEW YORK — Ferrochrome spot prices remained unchanged this past week, with market sources saying that steady but unremarkable demand was keeping prices flat.

High-carbon ferrochrome prices were still in a range of $1.01 to $1.05 per pound Feb. 21, while 0.10-percent-carbon material was also steady in a range of $2.06 to $2.10 per pound.

“I wish it were more active. The mills keep taking, but it’s all status quo,” one trader said.

“We should be seeing some upward trend with the things going on in South Africa, but we’re not seeing that effect,” a second trader said. “So maybe the market is oversupplied.”

Price stability could continue even if the market experiences an uptick in demand, one consumer told AMM.

“We’ve seen a slight firming on some of the items, and I feel like we’ve found a bottom. Even if the prices haven’t necessarily moved up, I don’t see them moving down any further,” he said. “With quarterly contracts, some people may get into the second or third week of March and realize they’re going to come up short. But I don’t necessarily believe that if there’s more activity, prices will automatically rise.”

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