High-carbon ferro-chrome bid prices are at a ten-year low At
the beginning of March, China’s top four stainless
steel mills cut their high-carbon ferro-chrome bid prices to
4,680 yuan ($723.74) per tonne, the lowest price in nearly ten
years. Since December 2015, Chinese high-carbon ferro-chrome
bid price has decreased by 1,000 yuan per tonne, including
delivery, on a cash basis. The spot price of high-carbon
ferro-chrome is much higher than long contract prices now,
supported by production costs from strong chrome ore prices.
North China is the ferro-chrome powerhouse Chinese ferro-chrome
producers are mostly located in Inner Mongolia, Shanxi
Province, Qinghai Province, Sichuan Province and Guizhou
Province. Of which, northern Chinese ferro-chrome producers
feed more than 70% of the ferro-chrome demand from Chinese
stainless steel mills. Currently,...