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WEEKLY: China’s FeCr price at 3.5-m low on quiet market

ABSTRACT

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.
Over 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% VAT. “Ferroalloy 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

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