The price of high-carbon ferrochrome (FeCr) with 55% Cr content in North China’s Inner Mongolia fell to a 3.5-month low as of April 23, according to Mysteel’s assessment. Trading was thin last week as the market was waiting for the major domestic stainless steel producers to table their bidding prices for May supplies, sources said.
April 16-23, the HiC FeCr price edged down for the sixth week, slipping by another
Yuan 150/tonne ($23.1/t) on week to reach Yuan 7,850/t and including the 13%
traders and small- or medium- sized mills have been reluctant to buy FeCr in
large quantities as they are waiting for clear (pricing) signals from