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Chinese FeCr prices rise as stainless mills lift bids

February 23, 2010 - 07:38 GMT Location: Shanghai

KEYWORDS: China , ferro-chrome , chrome ore

Chinese ferro-chrome prices are moving higher after the Chinese New Year holiday, with producers raising offers as stainless mills accept higher prices for March deliveries.

Higher chrome ore prices, a healthier ferro-chrome market overseas, and improving stainless steel demand are all supporting factors, market participants said. High-carbon ferro-chrome traded at 8,300-8,500 yuan ($1,215-1,245) per tonne in China’s spot market this week, up 300-400 yuan per tonne or around 4%from before the week-long holiday. Baosteel, China's biggest steel producer, raised its monthly ferro-chrome bid by 450...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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