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WEEKLY: China’s stainless steel prices stress Cr market

China’s prices of both ferrochrome (FeCr) and imported chrome ore declined over June 15-19, mainly as the domestic stainless steel mills had been reluctant to procure the ferroalloy at high prices when the domestic stainless prices had been softening, according to Mysteel’s weekly survey.
As of June 19, China’s 304/2B 2mm stainless cold-rolled coil in Wuxi, East China’s Jiangsu province, fell another Yuan 100/tonne ($14.1/t) on week to Yuan 13,800/t in-warehouse and including the VAT, or a recent low since May 9, according to Mysteel’s database. As of June 19, the price of high-carbon

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