Excessive supply to prevent upturn in FeCr prices in Europe

摘要

FeCr prices have stabilized at late-December levels in Europe in January. Demand has been dull, but, despite excessive supply, merchants have not been giving additional discounts due to minimal margins. At the time of publication of this report, HC FeCr could be bought in Europe at $0.95-1.04/lb Cr DDP, and LC FeCr - at $1.93-2.04/lb Cr DDP, down 0.5.