The death knell sounded on Monday May 20 for the quarterly European ferro-chrome benchmark, bringing with it the end of a long-running, divisive, often disputed, yet highly influential and important pricing mechanism.

Fastmarkets confirmed on Thursday May 23 that it will continue to publish its weekly ferro-chrome benchmark indicator for Europe, after the discontinuation of the European official industry ferro-chrome benchmark pricing system.

European ferro-chrome market faces uncertainty after discontinuation of quarterly benchmark pricing system

The European quarterly ferro-chrome benchmark lost relevance over time and was canceled after a thorough review, Merafe Resources told Fastmarkets on Tuesday May 21

The quarterly European ferro-chrome benchmark price will be discontinued with effect from June this year, Merafe Resources said on Monday May 20

Fastmarkets launched its first price assessment for MB-FEC-0024 Ferro-chrome 50% Cr, delivered Europe, $/lb Cr on Tuesday March 26.

Fastmarkets has amended the publication date of the latest European charge and high-carbon ferro-chrome benchmark to reflect the date from which the benchmark applies after the price was erroneously published on the date it was announced (March 25).

The ferro-alloys sector in China has shown a muted response to the country’s economic targets set for 2024 and laid out in the government work report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing, industry sources have told Fastmarkets

The Chinese government has set a 5% target for growth of the country’s gross domestic product (GDP) in 2024, compared with the increase of 5.2% in 2023, according to a Government Work Report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing

Fastmarkets Asian Ferro-alloys Conference 2024 (AFA) took place in Hong Kong, China, on February 26-28, with discussions on the latest developments and the potential for the global market. Here we outline our four key takeaways from the event