NEW YORK Prices
for low-carbon ferrochrome (0.10-percent grade) have risen in
the U.S. market as DLA Strategic Materials has sold little of
the material over the past few months.
"I see strength in the
price of low-carbon ferrochrome 0.10(-percent), perhaps because
the DLA hasnt been selling for a while," one trader
A supplier source
agreed. "The DLA did not sell any low-carbon ferrochrome in
August and announced they will not sell any in October. This
has squeezed the markets," he said.
Prices have risen to a
range of $1.97 to $2.01 per pound from $1.95 to $1.99
previously, the first increase since early August, with
transactions for truckload quantities reported across the range
and unconfirmed sales as high as $2.04 per pound.
Va.-based DLA suspended all sales for October as it implements
a new Web-based sales system (
amm.com, Oct. 1).