Copying and distributing are prohibited without permission of the publisher

Baosteel cuts bid for FeCr by $52 per tonne

July 26, 2010 - 00:00 GMT

FeCr drop - Taigang may respond with even lower bid

Chinese high-carbon ferro-chrome prices may fall again after Baosteel cut its bid for supplies by 350 yuan ($52), sparking talk that Taigang Stainless may make an even lower bid. Baosteel’s latest bid for ferro-chrome supplies was set at 7,750 yuan per tonne, higher than expected by market participants. “Baosteel’s pricing is very delicate, only 50 yuan...

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

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Ores & Alloys

May 17, 2012 15:18 LME revenues up; profits dip on higher running costs
May 17, 2012 15:11 BHP Billiton may slow spending on its Olympic Dam project — analysts
May 17, 2012 14:48 BHP Billiton curbs $80-billion spending plans
May 17, 2012 13:55 Zimbabwe to relax chrome ore exports ban
May 17, 2012 07:19 Taigang unexpectedly starts June ferro-chrome purchases

Comment & analysis

LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.
COMMENT: Keep calm and carry on?

The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?
TREVOR TARRING: The baby and the bathwater

“Don’t throw out the baby with the bathwater” is a well-known adage.