Metalshub launches HC FeCr Price Index
Metalshub continues to expand its price coverage of the ferroalloy markets and is pleased to inform its users and subscribers that since January 2021 a new high-carbon ferrochrome price index is available for the following specifications: 65% Cr min, 9% C max, 1.5% Si max, lump >10 mm on an FCA major European sea port, pre-payment basis. The index will be updated monthly.
The good news for existing subscribers: those who are currently subscribed to Metalshub's entire suite of price indices will receive access to the new indicator WITHOUT any additionalcharge as part of their existing subscription!
High-carbon ferrochrome is an important raw material in the production of stainless and specialty steels. According to UN Comtrade, imports of HC FeCr of various grades into the EU are around 510,000 tonnes annually. The main suppliers are South Africa (>60%), Kazakhstan (8%), Turkey (6%), Russia (5%) and Albania (4%).
As for all existing Metalshub Price Indices, the high-carbon ferrochrome index is based on data from negotiations and contracts concluded on Metalshub’s online trading platform and represent a groundbreaking change in the way price discovery is conducted in the industry today.
More than 1,000 companies from the metals-industry are registered on Metalshub, generating more than 900 bids and offers per month. In 2020, despite the COVID-19 pandemic, the platform traded volume has tripled and reached >$300 M.
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