European ferro-chrome benchmark stable at $1.14 per lb for Q3

摘要

The European charge and high carbon ferro-chrome benchmark for the third quarter of 2020 is $1.14 per lb, unchanged quarter on quarter. The settlement is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa. The benchmark is a forward-looking price for the coming quarter. It is settled via negotiations between a leading South African ferro-chrome producer and a major European stainless steel mill; usually Glencore and Luxembourg-based mill Aperam.