High carbon FeCr prices decline further in Europe in weak spot market

High carbon ferro-chrome prices continued to decline in Europe during the week to Tuesday May 30, amid reportedly poor downstream demand, as well as a desire from the sell side to maintain liquidity.

Fastmarkets’ weekly assessment of the price of ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe $1.82-2.37 per lb Cr on Tuesday, down by 7.49% from...