End of open consultation on methodology for ferro-chrome 50% Cr import, cif main Chinese ports and European high carbon ferro-chrome price assessments

This consultation, which was open until April 27, sought to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

The prices under review were:

• MB-FEC-0011 Ferro-chrome 50% Cr import, cif main Chinese ports, $/lb contained Cr
• MB-FEC-0020 Ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, $/lb Cr
• MB-FEC-0021 Ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, $/lb Cr

During the consultation period, Fastmarkets received responses with suggestions for the specifications of MB-FEC-0011 Ferro-chrome 50% Cr import, cif main Chinese ports, $/lb contained Cr.

Fastmarkets will consider these responses and may consult separately in due course.

Please contact pricing@fastmarkets.com and ores_alloys@fastmarkets.com. Please add the subject heading “re: ferro-chrome pricing methodology.” Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

To see all of Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.