China's leading stainless steel producer, Tsingshan Group, has cut its ferro-chrome tender price for April delivery by 351 yuan ($53.43) per tonne from the previous month.
The eastern China-based mill set its high-carbon ferro-chrome tender price at 8,545 yuan per tonne for April delivery on Thursday April 1. The latest tender price marks a decrease of 3.95% from the 8,896 yuan per tonne it offered for March.A decrease in April tender prices had been broadly expected by market participants given improved supply from domestic producers as well as the growth in...