NEW YORK Ferrochrome
prices have weakened as traders report a notable dearth of spot
market demand from consumers.
High-carbon ferrochrome is
between $1 and $1.03 per pound compared with $1 to $1.05
previously, while 0.10-percent carbon ferrochrome dropped to a
range of $2.02 to $2.07 per pound from $2.06 to $2.08 and
0.15-percent material slid to $1.95 to $2.01 per pound from
$1.99 to $2.04.
Traders told AMM that
spot market activity continued to be slow, with consumers
mostly satisfied with contract business.
"Theres been no additional
demand to force people to the spot market, and thats
across the board," one trader said.
The presence of 0.13-percent
carbon material from DLA Strategic Materials is also continuing
to impact the low-carbon ferrochrome market (
amm.com, March 29), traders said.
The "0.10-percent (material) is
anybodys guess. Its a DLA game, which is why that
material is going in the low 2s," a second trader said.