Prices for low-carbon ferro-chrome in Europe rose to their highest level since November 2008 because of shortages in raw materials supply.

“We do have fewer blast furnaces as a percentage of our steelmaking in the United States,” Anderson noted.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

The price of raw material semi-coke remained stable at a high level, and the futures continued to rise.

The primary factor damping buyers’ confidence was the persistently weak portside market.

Falling demand reverses UG2 chrome ore price rally.

This week, the domestic ferrosilicon market continued to operate at a high level.