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China's stainless steel prices stress FeCr market

ABSTRACT

China's prices of high-carbon ferrochrome (FeCr) continue to edge down, mainly as the domestic stainless steel mills are reluctant to procure the ferroalloy at high prices when stainless prices have been softening, respondents to Mysteel's survey said.
As of December 14, the price of 304/2B 2mm stainless cold-rolled coil in Wuxi, East China's Jiangsu province, had fallen by another Yuan 500/tonne ($78.6/t) on week to Yuan 17,700/t in-warehouse and including the VAT, the coil price's lowest since June 24, according to Mysteel's database.   Also by December 14, the

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