LONDON The third-quarter European charge and high-carbon
ferrochrome benchmark has fallen 14.5 cents to 112.5 cents per
The benchmark settlement is agreed every quarter between South
African ferrochrome producers and European stainless steel
The quarter is seasonally weak and the 11-percent fall in the
benchmark price follows a sharp drop in spot prices amid poor
High-carbon ferrochrome prices fell to between 90 and 96 cents
in Europe on June 28.