Tender price cuts from major Chinese stainless steel mills last week, though broadly expected in the market, have caused the domestic spot ferro-chrome price in the country to fall to a 44-month low.
Fastmarkets assessed the price of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China at 5,600-5,800 yuan ($801-830) per tonne on Friday December 27, down by 200-300 yuan per tonne - or 4.2% - from 5,800-6,100 yuan per tonne in the prior week. The latest assessment's midpoint of 5,700 yuan per tonne marks the lowest since April 2016.Tisco slashed...