- Chrome ore and ferro-chrome prices rise in China after mills raise tenders
- Alloy prices edge higher in South Korea
- European alloy prices edge lower
- Alloy prices stable in the United States
Chrome ore and ferro-chrome prices jumped again in China on Friday January 26 after leading stainless steel mills raised their monthly tender prices
for alloy amid tight supply.
Metal Bulletin’s price assessment for Chinese domestic ferro-chrome on contracts
rose by 550-600 yuan per tonne to 7,650-7,900 yuan ($1,209.01-1,248.52) per tonne on Friday, equivalent to $0.935-0.966 per lb, in line with February tenders.
Metal Bulletin’s price assessment for Chinese spot domestic ferro-chrome
edged up to 7,800-8,100 yuan per tonne, from 7,700-8,000 yuan per tonne a week earlier. The latest domestic spot ferro-chrome price was equivalent to $0.954-0.990 per lb.