China's leading stainless steel mills - Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel - have lowered their December tender prices for high-carbon ferro-chrome after falling stainless prices hit profits.
Early on Tuesday November 27, Tisco announced that its December tender price for high-carbon ferro-chrome was 6,700 yuan ($963) per tonne, 50 yuan per tonne lower than its November tender price. On Thursday, Tsingshan Group released its December tender at 6,946 yuan per tonne, a drop of 50 yuan per tonne from 6,996 yuan per tonne for November. "For ferro-chrome delivered to Tianjin port, the price is 140 yuan per tonne lower than...