Chrome ore and ferro-chrome prices in China strengthened over the past week as alloy production costs rose and smelters prepared for cutbacks.
Ore and alloy prices propel each other in ChinaFurther price strength predicted amid production cuts, rising costsPrices edge higher in South KoreaAlloy prices stir in EuropeUS market steady with suppliers maintaining high offers Metal Bulletin's UG2 chrome ore index gained $14 to $213 per tonne, cif China, on Friday January 12.Metal Bulletin's price quotation for Chinese spot domestic ferro-chrome edged up to 7,600-7,800 yuan ($1,176-1,207) per tonne on Friday, from 7,400-7,500 yuan per tonne a week earlier.The domestic ferro-chrome price is equivalent to $0.90-0.93 per lb.Rising chrome ore prices in recent weeks have pushed alloy prices higher and increased power costs are expected to result in lower ferro-chrome production. China's Guizhou province, a major ferro-chrome producing region, is likely to...