| Price Of Low Carbon Fe-Cr For Q4 / 07 Has Been Settled By Rise In Earlier Time |
| = Risen By 20 US-Cents To 185 US-Cents / Lb. CIF Japan For Carbon 0.1% Material |
The negotiations with steel mills in Japan on price of low carbon ferro-chrome for shipments in October - December quarter of 2007 have been settled by a rise of 20 US-Cents per lb. in comparison with that fixed for the preceding quarter of July - September and the new price has come to 185 US-Cents per lb. CIF Japan for carbon 0.1% max. material.
The suppliers of low carbon ferro-chrome in overseas countries have been limited and this ferro-alloy is currently being produced in Russia, Kazakhstan and South Africa but an accident recently occurred at a transformer substation in South Africa. Consequently, the production of this ferro-alloy in South Africa was suspended and this trouble accelerated to tighten further actual cargoes.
Under the situation which spot price of low carbon ferro-chrome in Europe has already risen to a level of 190 US-Cents per lb. for carbon 0.1% max. material to be delivered in October - December quarter, the negotiations with Japanese customers to rise price of low carbon ferro-chrome for this quarter have been smoothly settled by the rise as mentioned above in comparison with the tough going negotiations with stainless steel mills on a rise of price for South African charge chrome to be shipped in October - December quarter. |
| last modified : Fri 26 Oct, 2007 [10:48] |
