Tsingshan lowers March ferro-chrome tender price by 2.6%

Chinese stainless steel producer Tsingshan Group has lowered its ferro-chrome tender price for March delivery by 2.6% from the prior month, the move coming at a time when the domestic stainless steel market has been weakened by the outbreak of novel coronavirus (2019-nCOV) in the country.

The eastern China-headquartered mill has set its March high-carbon ferro-chrome tender price at 5,647 yuan ($812) per tonne, a decrease of 150 yuan per tonne from the previous monthly tender price of 5,797 yuan per tonne.

The lower tender price from Tsingshan was widely expected...

Published

Siyi Liu

March 11, 2020

06:16 GMT

Shanghai