Mid-point FeCr indexing pricing

US high-carbon ferrochrome sellers have taken pricing into their own hands. One major seller set a $1-per-lb spot price. And, the supplier plans to not only reduce discounts for 2014 index sales, but more importantly ONLY use the mid-point of the range rather than the low. “Too often the low has been manipulated, by using the mid point,” he told me, “it is a more realistic price. Not great but better than just the low.”

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