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US ferro-chrome market looking to new solutions, future pricing
After the announcement of the discontinuation of the quarterly European ferro-chrome benchmark in June 2024, the question of how to replace it became a key priority for the ferro-chrome industry, especially given it was still in use in long-term contracts at the time.
One of the key takeaways from conversations with market participants in the wake of the discontinuation of the quarterly benchmark has been a desire for transparency and for consistency.
With that in mind, Fastmarkets continues to publish its weekly benchmark indicator price, which is backed by an eight-year publication history.
Janie Davies, steel and ferro-alloys editor, EMEA, told webinar attendees that the major shake-up in the ferro-chrome market as a result of the benchmark’s discontinuation, after more than two decades in operation, required an innovative, consistent and transparent approach to pricing solutions.
This is something that will need to be developed over time, and in collaboration with markets, although it could take the form of a direct average of some of Fastmarkets’ existing prices.
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- [Editor:邢亞敏]
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