Merafe, South Africa’s major ferro chrome producer, has announced that its price, which is the benchmark for Europe, will be at 149 cents/lb for Q4CY22, a decrease of 17.2% from the third quarter prices. According to sources, prices were reduced to maintain parity with China’s ferro chrome prices. Ferro chrome (HC60%) prices in China’s Inner Mongolia dropped by 14% q-o-q in Q3CY22.
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