PRICING NOTICE: Clarification of Fastmarkets’ ferro-chrome index specification

During a review of its specifications, Fastmarkets identified a necessary clarification for its ferro-chrome index specification.

Fastmarkets has updated the listing of the specification for the ferro-chrome China import 50% Cr US $/Ib contained chrome cif Shanghai index in the Fastmarkets MB Non-Ferrous Methodology and Price Specifications and Fastmarkets MB Ferro-chrome methodology documents, which can be found here:

There has been no change to the index, the data collection process or how it is calculated, which has been agreed with the market as set out in the latest ferro-chrome index pricing notice.

The specification is as follows:

Index: Ferro-chrome China import 50% Cr US $ per Ib contained chrome cif Shanghai
Quality: Chrome - base 50%, range 48-52%
Carbon - base 7%, max 9%
Silicon - base 3%, max 6%
Phosphorous - max 0.03%
Sulphur - max 0.06%
Dimensions 10 - 100mm
Form - Lump
Quantity: 1,000 tonnes minimum
Location: cif China
Delivery port Shanghai (other ports normalized)
Delivery method seaborne
Material origin: All origins
Timing: Within 6 weeks
Payment terms: LC at sight
Publication: Weekly. Friday 3pm London time

To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Jon Stibbs by email at: Please add the subject heading “FAO: Jon Stibbs, re: Ferro-chrome index”

To see all Fastmarkets’ pricing methodology and specification documents, please go to

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Fastmarkets has corrected its MB-IRO-0008 iron ore 62% Fe fines, cfr Qingdao index, which was published incorrectly on Wednesday January 25 due to a technical error.
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.