Tsingshan maintains ferro-chrome tender price for October

Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months.

The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price includes value-added tax and should be paid on acceptance. Tsingshan has now maintained the same high-carbon ferro-chrome tender price for three months in a row since August.
The market had broadly anticipated that the October tender price would remain unchanged from given the steady upstream and downstream markets.

In the upstream market, the UG2 chrome ore price has had a modest recovery since August 25 due...

Published

Siyi Liu

October 12, 2020

08:40 GMT

Shanghai