MYSTEEL: Ferrochrome prices pull back despite robust demand

China's ferrochrome (FeCr) prices have reversed their gains recently, entering a correction phase even as demand for the ferroalloy from the stainless steel sector remains strong, Mysteel Global noted.

On October 15, Mysteel assessed the price of 55% high-carbon FeCr in Inner Mongolia, the key reference price in the domestic FeCr market, at Yuan 8,500/tonne ($1,193/t), 50Cr, ex-works including VAT, lower by Yuan 100/t from levels before China's weeklong National Day holiday that commenced on October 1. A combination