Ferro-chrome prices hold in China after Lunar New Year
UG2 chrome ore prices edge higher in China
Higher ferro-chrome tender prices expected for March
Alloy prices rise in all other regions
Ferro-chrome prices held in China on Friday February 23, on strengthening market sentiment amid good steel sector performance and the appreciation of the South African rand.
Metal Bulletin’s charge chrome index cif Shanghai, rolled over at $1.02 per lb.
Metal Bulletin’s price quotation for spot Chinese domestic ferro-chrome held at 7,900-8,200 yuan ($1,250.93- 1,298.38) per tonne, equivalent to $0.963-$1.00 per lb.
Market participants said they expect stainless steel mills to release higher ferro-chrome tender prices for March at the end of this month, mainly due to rand appreciation, yuan appreciation and anticipated higher operation rates at stainless steel mills and ferro-chrome...