Tisco cuts December FeCr tender price by $140/t

China’s leading stainless steel producer Taiyuan Iron & Steel (Tisco) has lowered its tender prices for December-delivery high-carbon ferro-chrome by 895 yuan ($140) per tonne in comparison with the previous month, sources told Fastmarkets on Wednesday December 1.

This takes Tisco’s tender price to 9,400 yuan per tonne, with delivery date due by January 10, 2022.
Market participants had broadly been anticipating a drop in December tender prices following improved supply.

The past month saw strong production among ferro-chrome producers in a number of regions including the autonomous regions of Inner Mongolia, Guangxi and Ningxia. Despite increased electricity rates, producers’ profit margins widened following increases in...


Siyi Liu

December 01, 2021

05:43 GMT