Chinese domestic ferro-chrome prices, the charge chrome index and UG2 index rolled over last week due to the Tomb-sweeping holiday; Turkish lumpy chrome ore and low carbon ferro-chrome into Europe dipped, while South Korea, Japan and the US markets were quiet.
Chinese prices roll over for holiday Jisco April tender price falls 500 yuan Low carbon into Europe spread widens US ferro-chrome spot remains firm South Korea and Japan activity subdued Low demand in ChinaChina's domestic stainless steel prices fell again this week while high supply and weak demand continued to put pressure on the market. Jiuquan Iron & Steel (Jisco) released its April ferro-chrome tender prices at 7,250 yuan ($1,149) per tonne on Tuesday April 2. This was flat with North China's Taiyuan Iron & Steel (Tisco) as usual, and down 500 yuan compared with the March tender price.The stainless steel sector is still weak. Downstream, steel mills purchased prudently amid negative sentiment.On the chrome ore side, miners' were ambiguous about when they would set prices after the holiday. Although the stainless steel sector is very weak, UG2 deliveries are consistent and orders remain good, sources said.Quiet Japan and...