Following signs of easing available supply in the domestic market, major stainless steel mills all lowered their ferro-chrome prices for April-delivery
As a result, Fastmarkets’ ferro-chrome contract 6-8% C, basis 50% Cr, ddp China
fell by 350-355 yuan ($53.44-54.20) per tonne to 8,350-8,545 yuan per tonne on Tuesday, down 4% from 8,700-8,900 yuan per tonne the previous week.
A sharper drop was recorded in the spot market after suppliers further cut their offer prices to lock in the current profit margin, sources said.
Fastmarkets’ ferro-chrome spot 6-8% C, basis 50% Cr, ddp China dropped by 400 yuan per tonne to 8,000-8,300 yuan per tonne on Tuesday, down by 4.68%...