Chinese stainless steel major, Taiyuan Iron and Steel Corporation (TISCO), has reduced ferro chrome (HC 50%) purchase prices by RMB 305/t ($43/t) m-o-m to RMB 7,995/t ($1,134/t) amid downfall in ferro chrome prices in spot market. Prices are delivered to plant and include taxes. Last date of delivery is 30 Dec.
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