Chinese domestic spot ferro-chrome prices continued to fall on May 31 after domestic suppliers reduced their offer prices again, amid weaker demand following the release of lower June tenders.
Fastmarkets assessed the Chinese ferro-chrome price in the domestic spot market
at 6,600-6,800 yuan ($951-980) per tonne on May 31, down by 100 yuan per tonne week on week.
China’s leading stainless steel mills - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel – reduced their June tender prices
for high-carbon ferro-chrome by 350 yuan ($51) per tonne.
Fastmarkets’ assessed the price for domestic Chinese ferro-chrome on long-term contracts at 6,550-6,750 yuan per tonne on May 31, in line...