European Q2 Ferrochrome Contract Prices Rise

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Recently the South African ferrochrome suppliers have reached agreement with the European stainless steel mills for the Q2 ferrochrome prices.

The ferrochrome contract prices are at USD 1.27/lb for the Q2, rising by USD 0.145/lb from a quarter ago.

In Europe the spot prices of ferrochrome have surged to USD 1.02~USD 1.06/lb from USD 0.97~USD 1.01/lb since this year.

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