March 2013

Taigang also cuts April ferro-chrome price to 7,000 yuan per tonne

After the latest big price cut from Jiuquan Steel, China’s Taigang Stainless has followed suit, slashing its high-carbon ferro-chrome purchase price by another 300-350 yuan per tonne for April deliveries.

China’s high-carbon ferro-chrome and chrome ore imports drop in February

China’s imports of ferro-chrome and chrome ore dropped sharply in February with most market participants away for Chinese New Year break.

CHARGE CHROME INDEX: Prices lose a cent as mills remain aggressive

Charge chrome import prices fell in China, as stainless steel mills continued to bid aggressively amid anticipated lower domestic prices.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

Ferro-chrome prices rise in India, S Korea after restrictions on Tata

High carbon ferro-chrome prices have risen by up to 11% since January in South Korea and India, after Tata Steel lost its licence to toll convert chrome units and suspended production at its Sukinda chrome ore mine, market sources said.

Proposed ministerial discretion could be answer to SA chrome woes

Proposed amendments to South Africa’s mineral & petroleum resources development act (MPRDA) would seek to address chrome ore oversupply from the country into the international market.

Zimbabwe agrees to relax ban on chrome ore exports

Zimbabwe has agreed to allow exports of chrome ore and is working out methods through which companies’ exports of unprocessed ore, which are currently banned under the country’s laws, could be conducted.

SA mining companies must enforce order among labour force – Shabangu

Responsibility for enforcing order among the labour force at mining companies in South Africa now rests with the company management, following the signing of a peace accord between unions, mining companies and the government last week.

MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

SPOTLIGHT: Chinese ferro-chrome bids fall out of synch with South African supply

Chinese stainless steel mills have slashed their March purchase prices for ferro-chrome, as South African producers negotiate further power-related cutbacks and insist they have no spot material to offer.