European prices for high-carbon ferro-chrome dipped in mid-November, but dosed the month flat at $0.95/1 b. Low-carbon material prices declined slightly but gained upwards momentum in the latter half of the month and were trading at $1.98/lb last week. MBR expects the European benchmark contract, that was negotiated at $1.10/lb for Q4 2012 (down from $l.25/lb in Q2 2012), to be settled higher for Q1 2013.
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