Tisco hikes ferro-chrome tender price by $340/t for February

China’s leading stainless steel producer, Taiyuan Iron & Steel (Tisco), has set its ferro-chrome tender price for February delivery at 8,000 yuan ($1,237) per tonne, the highest tender price issued by a major stainless steel mill since October 2017.

The latest tender issued by the northern China-based mill is up by 2,200 yuan ($340) per tonne from 5,800 yuan per tonne offered for January. This marks an increase of 38%. 

This significant rise follows the recent dramatic price hike in the Chinese spot ferro-chrome market, which has been mainly caused by tight...

Published

Siyi Liu

January 21, 2021

12:43 GMT

Shanghai