Market Updates
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
Read more.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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