Following the recent drop in chrome ore prices, Tiayun Iron & Steel (Tisco), Tsingshan Group and Baosteel all lowered their high-carbon ferro-chrome
tender prices for July by $14 per tonne.
As a result, Fastmarkets’ ferro-chrome contract 6-8% C, basis 50% Cr, ddp China
moved down to 6,100-6,300 yuan ($867-895) per tonne on Friday, down by 100 yuan, or 1.6%, from 6,200-6,400 yuan in June.
The lower tenders have weighed on the Chinese domestic spot ferro-chrome market, with Fastmarkets’ weekly price assessment for ferro-chrome spot 6-8% C, basis 50% Cr, ddp China
dropping by 2.4% to 6,000-6,300 yuan per tonne on Friday, from 6,100-6,500 yuan per tonne a week earlier.
Despite the dip, alloy...