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Market Updates

European Quarterly Benchmark for Q2 2023

Merafe Resources (a 20.5% FeCr joint with venture with Glencore in South Africa) has announced European Quarterly Benchmark for Q1 2023, which has been increased to 1.72 USD per lb/cr, or up by 15.4% Q vs Q

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European Quarterly Benchmark for Q1 2023

Today, Merafe Resources (a 20.5% FeCr joint with venture with Glencore in South Africa) has announced European Quarterly Benchmark for Q1 2023. It has been rolled over at 1.49 USD per lb/Cr. Which is 17% lower than in Q1 2022

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Tsingshan decreased high-carbon ferrochrome Bidding Price for December 2022

After significant increase in November Price, Tsingshan lowered its price for December. Other stainless-steel mills in China likely will do the same.

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