PRICING NOTICE: Conclusion of review into changing frequency of European low carbon ferro-chrome prices

After a review and consultation with the market, which ended on January 25, Metal Bulletin will, from February 5, price the low carbon ferro-chrome market on a fortnightly basis, rather than weekly as it did previously.

After a review and consultation with the market, which ended on January 25, Metal Bulletin will, from February 5, price the low carbon ferro-chrome market on a fortnightly basis, rather than weekly as it did previously.

The price will be published once every two weeks, on Fridays.

The new specifications are:

Description: Low carbon (0.10%) ferro-chrome, Europe
Price: $ per lb (of chrome contained), delivered consumer works, Europe
Cr: 65% basis (range 60-70% Cr)
C: 0.1% max, excluding material up to 0.06% C max
Si: 1.5% max
P: 0.05% max
S: 0.05% max
Form: Lumps in the range of 10-100mm, 90% min
Packaging: Big bags of 1 tonne or producer’s steel drums, each 500kg
Lot size and tolerance: 25 tonnes minimum
Payment terms: 30 days, other payment terms normalised
Assessment: On Fridays, fortnightly by Metal Bulletin’s London office, except when that office is closed for public holidays. Such times will be notified well in advance
Publication: Between 2pm and 3pm London time on Fridays

Description: Low carbon (0.06%) ferro-chrome, Europe
Price: $ per lb (of chrome contained), delivered consumer works, Europe
Cr: 65% basis (range 60-70% Cr)
C: 0.06% max
Si: 1.5% max
P: 0.05% max
S: 0.05% max
Form: Lumps in the range of 10-100mm, 90% min
Packaging: Big bags of 1 tonne or producer’s steel drums, each 500kg
Lot size and tolerance: 25 tonnes minimum
Payment terms: 30 days, other payment terms normalised
Assessment: On Fridays, fortnightly by Metal Bulletin’s London office, except when that office is closed for public holidays. Such times will be notified well in advance
Publication: Between 2pm and 3pm London time on Fridays

Comments and questions on this should be sent to Janie Davies at jdavies@metalbulletin.com.

Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to market data and compliance manager Paolo Sorze at psorze@metalbulletin.com or Metal Bulletin editor Alex Harrison at aharrison@metalbulletin.com.

Janie Davies 
jdavies@metalbulletin.com
Twitter: @janiedavies_mb 

What to read next
The March 2024 monthly averages were published today based on the index values of March 1, 8, 15 and 22.
Fastmarkets has corrected its MB-STE-0034 steel domestic plate 8-40mm, exw Northern Europe and MB-STE-0035 Steel domestic plate 8-40mm, exw Southern Europe assessments, which were published incorrectly on Wednesday March 27.
The publication of Fastmarkets’ daily assessment for aluminium P1020A premium, ddp Midwest US was delayed on Wednesday March 27. Fastmarkets’ pricing database has been updated.
Fastmarkets' holiday pricing schedule for 2024 has been updated to reflect the change in the pricing frequency of its mixed hydroxide precipitate (MHP) cif China, Japan and South Korea (CJK) prices.
Fastmarkets is inviting feedback from the industry on the pricing methodologies for its steel hot-rolled coil index domestic, exw Northern Europe, €/tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $/cwt (MB-STE-0184) as part of its annual methodology review process.
Fastmarkets launched its first price assessment for MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $/lb Cr on Tuesday March 26.