Tisco, Baosteel lower June FeCr tender price by $8 per tonne

China’s leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.

The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300 yuan per tonne and 7,495 yuan per tonne offered for May.

A decrease in June tender prices had been widely expected by participants in the market, with improved supply over the past month. They expected total domestic output of high-carbon ferro-chrome...

Published

Siyi Liu

May 28, 2021

13:42 GMT

Shanghai