Contract prices slashed 6%, as falling input costs passed on

摘要

The early-year restocking of raw materials at Europe's stainless steel mills has either come too late or is too feeble in its magnitude for the world's major ferro-chrome smelters. Recent weeks have seen South African ferro-chrome producers give in to demands by Europe's stainless mills to reduce the quarterly charge chrome contract price for the first quarter of 2015. First-quarter contract prices have been agreed down $o.07/lb to $1.08/Ib, the lowest level in five years.