High-carbon ferrochrome prices ticked up this past week as
traders continued to report material shortages amid stronger
ferrochrome moved up to a range of $1 to $1.02 per pound from
97 cents to $1.02 previously, with unconfirmed transactions
reported as high as $1.05 per pound for truckload
told AMM that spot buyers have begun to emerge seeking
fourth-quarter material, but few suppliers were in a position
to meet increased spot demand.
"There are a couple of
traders looking for 100-ton positions, but we have been very
tight and Im not too concerned if I lose business below
$1 per pound," one trader said. "Youre looking at just
three consistent players right now in ferrochrome, though last
month saw DLA ferrochrome being sold to three different
players. However, I dont think it will run too much up
from $1 per pound."
GfE-MIR AG, Hickman,
Williams & Co. and Veritas Alloys & Metals LLC
purchased a combined 1,509 short tons of high-carbon
ferrochrome from the DLA for $1.8 million in August (
amm.com, Sept. 10).