WEEKLY: China's FeCr prices drop on weak fundamentals
Chinese prices of high-carbon ferrochrome (FeCr) under Mysteel's survey showed signs of weakening recently, with the spot price of FeCr with 55% Cr content in North China's Inner Mongolia as of August 17 edging down by Yuan 1,100/tonne ($162/t) on month to Yuan 7,600/t EXW and including the 13% VAT, mainly due to weak demand.
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