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Prices for low-carbon ferro-chrome in Europe rose to their highest level since November 2008 because of shortages in raw materials supply.

“We do have fewer blast furnaces as a percentage of our steelmaking in the United States,” Anderson noted.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

Since 2013, efforts to reduce pollution have become more precise and strict, he added.