GLOBAL CHROME SNAPSHOT: Lower Chinese alloy tenders trigger bearish sentiment [CORRECTED]
Key data from the pricing sessions in Asia, Europe and the United States in the week ending Tuesday April 27.
- China’s Taiyuan Iron & Steel (Tisco), Baosteel and Tsingshan Group cut their ferro-chrome tender prices by 1,050 yuan ($162) per tonne for May-deliveries.
Following these cuts, suppliers lowered their offer prices in the spot market, while buying interest waned amid bearish sentiment, mainly because of improved supply in the market.
Similarly, producers lowered their offer prices for imported charge chrome,...