Chrome market pessimism spreads ahead of stainless-steel mills’ tender

The UG2/MG chrome ore market ticked down in the week ended Tuesday June 21 ahead of major Chinese stainless steelmakers' ferro-chrome tenders for July, with bearish sentiment and weakening downstream performance affecting the market.

Fastmarkets' calculation of its assessment for chrome ore South Africa UG2/MG concentrates index, cif China was at $289 per tonne on Tuesday, falling by $1 (-0.34%) from $290 per tonne...

Published

Jon Stibbs

Sybil Pan

June 22, 2022

17:54 GMT

London, Shanghai