The Chinese charge chrome index, spot ferro-chrome prices and the UG2 index all slipped on Friday March 30, following lower-than-expected April tender prices from major Chinese stainless steel mills, while ferro-chrome prices in the European and US markets were stable.
Major stainless steel mills' April ferro-chrome tender prices lower Chinese charge chrome, spot ferro-chrome prices and UG2 prices fell following the step Ferro-chrome prices in South Korea and Japan dipped US high-carbon ferro-chrome quotations stable European ferro-chrome prices unchanged but European benchmark indicator lower Charge chrome and UG2 prices cif China fall Charge chrome and UG2 cif China prices, as well as Chinese domestic spot ferro-chrome prices all dipped last week after ferro-chrome tender prices from Chinese stainless steel mills for April were lower than expected. Metal Bulletin's assessment of domestic contract prices, delivered basis, dropped to 7,250-7,500 yuan ($1,149.95-1,189.84) per tonne on March 30, from 7,750-8000 yuan previously. This is equivalent to $0.923-0.892 per lb. Assessments and offers also pointed to a softening in the South Africa UG2 cif China and China import charge chrome indices. Metal Bulletin's price quotation for the charge chrome index...