It was acknowledged that in Nov. 2014, Baosteel had cut dwon the low carbon ferrochrome(C25%) tender price by RMB72 to RMB11760/mt; meanwhile, LC FeCr(C6%) was reduced by RMB6 to RMB12144/mt.
It was acknowledged that one major stainless steel mill of China-Tsingshan Group had settled the high carbon ferrochrome benchmark price at RMBXX/mt, falling by RMBXX/mt than that of Apr.