UG2/MG chrome ore market braces for stainless mills' June tender
The UG2/MG chrome ore market was static in the week to Tuesday May 24 in the run-up to major Chinese stainless steelmakers’ ferro-chrome tenders for June. Sentiment was mixed amid weakening downstream performance and continuing supply tensions.
Fastmarkets’ chrome ore South Africa UG2/MG concentrates index, cif China
was calculated at $296 per tonne on Tuesday, unchanged from a week earlier.
Buyers in China paused their purchases...