Tsingshan and Baosteel raised their ferro-chrome tender prices for January deliveries
by 200 yuan ($31) per tonne at the end of December.
Taiyuan Iron & Steel had not released its January tender by the time of publication.
As a result, Fastmarkets’ ferro-chrome contract 6-8% C, basis 50% Cr, ddp China
price widened upward by 200 yuan to 5,600-6,000 yuan per tonne on Tuesday, from 5,600-5,800 yuan per tonne the previous week.
The 200-yuan-increase would be insufficient to spark increased production given the recent soaring production costs
caused by increased coke prices, electricity rate and transportation fees, according to many participants.
Therefore, Xinganglian Metallurgy Group, China’s largest ferro-chrome producer,...