Tag: Chinese ferrochrome tender price

China: Baosteel reduces HC ferrochrome purchase price by RMB 1,050/t ($162/t) for May ’21

Apr 26, 2021

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by

Ankita Chakraborty

in Ferro Chrome

Baosteel, one of the largest producers of Stainless steel has sharply reduced its purchase price of HC ferrochrome in May ’21 by 1,050 yuan/t m-o-m to RMB 7,495/t ($1,155/t) for HC 50% min, delivered including tax. This announcement came after TISCO also decreased the prices by Yuan 1,050/t to 7,300 yuan/t. The reduction in tender…