China's Tsingshan cuts April ferro-chrome tender price by $53/t

China’s leading stainless steel producer, Tsingshan Group, has cut its ferro-chrome tender price for April delivery by 351 yuan ($53.43) per tonne from the previous month.

The eastern China-based mill set its high-carbon ferro-chrome tender price at 8,545 yuan per tonne for April delivery on Thursday April 1. The latest tender price marks a decrease of 3.95% from the 8,896 yuan per tonne it offered for March.

A decrease in April tender prices had been broadly expected by market participants given improved supply from domestic producers as well as the growth in...


Siyi Liu

April 02, 2021

17:42 GMT