China's leading stainless mills keep June FeCr bids flat, downside risks mount

China's two major stainless steel producers kept their high-carbon ferrochrome (HC FeCr) procurement prices for June unchanged from May, a move that offered some support to a market recently pressured by falling spot prices.

Tsingshan Group, the country's largest stainless producer, kept its June purchase price for HC FeCr under long-term contract unchanged at Yuan 8,495/t (50% Cr basis), or $1,252/t, including tax and delivery, cash payment, the company had announced recently. TISCO, another major stainless steelmaker based in North China, also held its