Europe Q3 ferro-chrome deals agreed at $1/lb - sources

LONDON, June 27 (Reuters) - Benchmark third-quarter ferro-chrome contract prices in Europe have been settled at least 18 cents up from the second quarter's level to a new record of $1 per lb, industry sources said on Wednesday.

The metal, an irreplaceable ingredient in stainless steel, is supplied to European stainless firms such as ArcelorMittal (MTP.PA: Quote, Profile, Research) and ThyssenKrupp (TKAG.DE: Quote, Profile, Research) by South African producers including Samancor and Xstrata (XTA.L: Quote, Profile, Research).