Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices.
UG2 chrome ore, Chinese contract prices increase on higher mill tender prices Japanese, South Korean prices bolstered by strengthened Chinese market European ferro-chrome prices firm on thinning supplies, expectations of higher benchmark US prices hold steady despite lackluster spot demandChrome ore, Chinese contract ferro-chrome prices strengthen on higher mill tendersChinese ferro-chrome contract prices and UG2 chrome ore cif China prices rose over the past week, following higher monthly ferro-chrome tender offers from major Chinese stainless steel mills. But with the increases in monthly tender prices falling short of market expectations, Chinese spot ferro-chrome prices were flat, while those for charge chrome softened slightly.Major Chinese stainless steel mills raised their March high-carbon ferro-chrome tender prices to 7,750-8,000 yuan per tonne ($1,222- 1,261) due to tight supply of the stainless steel raw material, higher chrome ore prices and the appreciation of the South African rand against the dollar.Metal Bulletin's price quotation...