Platts to clarify European high-C. ferrochrome specs

Platts is proposing to clarify and amend the specifications for its price assessment for ferrochrome high carbon 62% Cr Europe, and to align the naming convention for the assessment across Metals Week, Platts Metals Alert and Platts' internal database.

The new specifications reflect what has prevailed in the market and will not result in a change to the data history or the consistency of the data going forward.

The name as it appears in Metals Week and Platts Metals Alert will change to Ferrochrome 65% 6-8% High-Carbon DDP NWE. Platts will assess a range of 60-70% chrome, normalized to 65% Cr, with Si content of 1.5%, P content 0.030%.

The specification will be for volumes of 200-500 mt, delivered DDP northwest Europe basis for delivery within 4 weeks, net-30 days payment terms.

Assessment will be in $/lb and conducted on Thursday (or the closest business day in the case of holidays), through a survey of producers, traders and steel mill buyers.