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
its all status quo, one trader said.
We should be seeing some upward trend with the things
going on in South Africa, but were not seeing that
effect, a second trader said. So maybe the market
Price stability could continue even if the market experiences
an uptick in demand, one consumer told AMM.
Weve seen a slight firming on some of the items,
and I feel like weve found a bottom. Even if the prices
havent necessarily moved up, I dont 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 theyre going to come up short. But I
dont necessarily believe that if theres more
activity, prices will automatically rise.