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Ferrochrome Waking Up From An Eight Year Nightmare
Merafe published its European ferrochrome benchmark for 1Q17 at $1.65/lb, up from $1.10 in the fourth quarter. These higher prices loook like they’ve been accepted by consumers, in particular, the Chinese stainless steelmakers. At a price of $1.65, this will translate to around $1.50/lb, CIF, which means there is still $0.15/lb on the upperside. The […]