China: Baosteel hikes ferro chrome tender price for Nov’21

Chinese stainless steel major Baosteel Desheng’s Nov’21 tender price for ferro chrome has moved higher by RMB 510/t ($80), m-o-m, to RMB 10,495/t ($1,641), SteelMint learnt from sources. The hike in the tender price follows an increase in prices by Tsingshan. Taiyuan Iron and Steel, too, has increased the price of high-carbon (HC) ferro chrome to RMB 10,295/t ($1,610) for Nov deliveries.