June 27, 2007 / 10:20 AM / 13 years ago

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 and ThyssenKrupp (TKAG.DE) by South African producers including Samancor and Xstrata XTA.L.

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