Glencore-Merafe Settles Q1 Europe Ferrochrome Price 6% Lower on Quarter

  • Monday, December 22, 2014
  • Source:ferro-alloys.com

  • Keywords:ferrochrome benchmark, Glencore-Merafe
[Fellow]Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.
Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.
 
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.
 
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