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Glencore-Merafe Settles Q1 Europe Ferrochrome Price 6% Lower on Quarter

Monday, December 22, 2014
Source:ferro-alloys.com

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Keywords:ferrochrome benchmark, Glencore-Merafe

[Fellow]Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.

Glencore-Merafe Chrome Venture and European stainless steelmakers have settled the term price for January-March 2015 ferrochrome sales at 108 cents/lb, down 6% from the Q4 2014 price of 115 cents/lb, Merafe Resources said Friday.

The term price is viewed as a benchmark in Europe.

Merafe Resources has a 20.5% stake in Glencore-Merafe Chrome Venture, the world's largest ferrochrome producer, with the rest held by Glencore.

[Editor:sunzhichao]

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