Tsingshan Group slashes December ferro-chrome tender price

Tsingshan Group has cut its ferro-chrome tender price for December delivery by 6.2% month on month, after upstream UG2 chrome ore prices hit a record low in November.

The December high carbon ferro-chrome tender price by the eastern China-headquartered stainless steel mill will drop to 5,997 yuan ($851) per tonne, down 399 yuan from 6,396 yuan per tonne previously, Fastmarkets understands.
Persistent oversupply and cautious restocking by buyers pushed UG2 chrome ore prices in China to a record low of $130 per tonne in mid-November.

Fastmarkets’ chrome ore,...

Published

Susan Zou

December 03, 2019

12:30 GMT

Shanghai