NEW YORK High-carbon
ferrochrome prices have eased slightly as traders continue to
lament a lack of spot buying activity in the market.
High-carbon ferrochrome prices
dipped slightly on the low end to $1 to $1.05 per pound from
$1.01 to $1.05 previously, while 0.05-percent low-carbon
ferrochrome remained unchanged at $2.21 to $2.25 per pound.
Despite many traders
expectations that ferrochrome pricing will improve over the
course of 2013, the absence of high-volume spot purchases has
forced some prices down in the interim, traders said.
"All of us are wishing for it,
but Europe has quieted down, the Chinese have lowered prices
and everything is looking soggy," one trader said.
"Steel capacity utilization has
gone down a little bit," a second trader said. "Our regular
long-term customers are taking metal as forecast, but there
really hasnt been any big spot buying."