1Q benchmark falls to $1.18

OMG the European (Glencore) benchmark charge chrome price will be lower in the first quarter of 2018, down 15.1% to $1.18 per lb from $1.39 in the fourth quarter of 2017. So how realistic is the $1.18 price? Glencore reportedly sold 1,000 mt to an Indian stainless mill at 87¢.

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