Glencore-Merafe settles Q3 Europe benchmark ferrochrome price at 2.5% lower than Q2

  • Thursday, July 31, 2014
  • Source:ferro-alloys.com

  • Keywords:ferrochrome Glencore-Merafe Q3 Europe benchmark
[Fellow]Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for July-September ferrochrome sales at 119 cents/lb, down 2.5% from the Q2 price of 122 cents/lb, Merafe Resources said Wednesday. The term price is viewed as a benc...

（Singapore-30Jul2014）Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for July-September ferrochrome sales at 119 cents/lb, down 2.5% from the Q2 price of 122 cents/lb, Merafe Resources said Wednesday. The term price is viewed as a benchmark in Europe.

Merafe Resources has a 20.5% stake in Glencore-Merafe Chrome Venture, the world's largest ferrochrome producer, with the rest held by Glencore Xstrata.

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