- Chinese mills’ ferro-chrome tender price falls by 50 yuan ($7) per tonne
- Chinese imported and domestic ferro-chrome spot prices stable
- Alloy prices into Japan and South Korea fall
- High-carbon ferro-chrome price into Europe unmoved, low-carbon price falls
- Chrome ore prices imported into China fall
- US market flat on lack of activity.
China’s domestic spot and imported ferro-chrome markets stabilized in the week that ended on Friday November 30 with support from prices for December’s tenders by the country’s leading stainless steel mills that were higher than had been expected.
Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel lowered their December tender prices
for high-carbon ferro-chrome by 50 yuan per tonne.
Fastmarkets’ December price assessment, calculated on November 30, for Chinese domestic ferro-chrome on long-term contracts was 6,700-6,950 ($964-1,000) yuan per tonne based on tender prices. This was down from 6,750-7,000 yuan per tonne for November.