Major Chinese stainless steel mills keep February ferro-chrome tender prices flat

China’s Tsingshan Group and Taiyuan Iron and Steel (Tisco) have held flat their ferro-chrome tender prices for February delivery, despite Chinese spot alloy prices surging in recent weeks due to raw material and transport disruptions caused by the novel coronavirus (2019-nCoV).

The February high-carbon ferro-chrome tender price from eastern China-headquartered Tsingshan Group was unmoved at 5,797 yuan ($828) per tonne, while Tisco’s tender price remained at 5,600 yuan ($800) per tonne, Fastmarkets understands.

The latest tender prices came as a shock to the market as most participants had anticipated an increase in line with the...

Published

Siyi Liu

February 18, 2020

10:59 GMT

Shanghai