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China’s leading stainless steel producer, Tsingshan Group, has raised its tender prices for July-delivery ferro-chrome by 950 yuan ($147) per tonne from that for the preceding month, the company said on Friday July 2.
The eastern China-based mill set its tender price for July-delivery high-carbon ferro-chrome at 8,395 yuan per tonne. The latest tender price is 12.76% higher than the 7,445 yuan per tonne it offered for June-delivery ferro-chrome.
Market participants had largely expected higher prices to emerge amid supply disruptions caused by production restrictions in a number of regions.
China’s total output of high-carbon ferro-chrome was approximately 490,000 tonnes in June.
Source: Fastmarket
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