WEEKLY: China’s FeCr prices stabilize as demand eases
Jun 16, 2020 18:45
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Chinese prices of ferrochrome (FeCr) were generally steady over the week of June 8-12, as fewer deals were concluded during the period given that most domestic stainless mills had already bought FeCr for June production, according to Mysteel’s weekly survey. On the other hand, the smelters had reinforced their prices due to the increased cost of chrome ore.
As of June 12, the price of high-carbon FeCr with 55% Cr content in North China’s Inner Mongolia was still at Yuan 6,400/tonne ($904.2/t) including 13% VAT, unchanged on week, Mysteel’s assessment showed.
Throughout last week, fewer inquiries for FeCr were tabled by Chinese stainless steelmakers, a survey respondent said, noting