The price of domestic ferro-chrome in China fell in the week ended Friday March 29 on lower offers from suppliers trying to tempt stainless steel consumers to buy, while the price of imported alloy was stable due to supply concerns.
Domestic alloy prices in China drop prior to VAT cut Tenders in Japan see ferro-chrome price rise Imported ores into China rise Rise in the top end of the range of European alloy price US ferro-chrome price maintains stability China's domestic spot ferro-chrome price softened on Friday March 29 after domestic suppliers cut their prices to encourage sales. Fastmarkets' assessment for the Chinese spot domestic ferro-chrome price was 7,100-7,300 yuan ($1,058-1,088) per tonne on Friday, a fall of 100 yuan per tonne from a week ago. Domestic stainless steel mills in China showed less interest in buying on the spot market in anticipation that the price would slide further after the country's 13% value added tax (VAT) came into effect on April 1. "There is ample [ferro-chrome] supply, and we won't consider securing cargoes at a price higher than our [April] tender price," a Chinese stainless mill said on March...