Tag: China: Ferro chrome prices decline on unacceptance towards higher quotes

CBC: The ferro chrome market witnessed persisting weakness, with manufacturers facing pressure from both ends. High chrome ore prices have raised production costs, while intensified bidding pressure from downstream steel mills has worsened the situation. Prices of various grades: High-carbon ferro chrome: Prices declined by RMB 200/t ($28/t) w-o-w to settle at RMB 8,400-8,800/t ($1,161-1,216/t).…