Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26.
UG2 chrome ore prices stall, Turkish lumpy chrome ore prices dropChinese domestic spot ferro-chrome prices pauseCharge chrome import prices weakenAlloy prices hold in Japan, South KoreaAlloy prices weaken in Europe and the United States Stainless steel tenders dampen market sentiment Chrome ore and ferro-chrome prices were either unchanged or lower in the latest assessments after stainless steel mills released lower monthly tender prices. Fastmarkets' UG2 chrome ore index, cif China, held at $172 per tonne on Friday. Few deals for UG2 chrome ore were reported because many Chinese buyers remained on the sidelines of the market after Taiyuan Iron & Steel Group (Tisco) announced its November tender purchase price for ferro-chrome at 6,750 yuan ($972) per tonne on Monday October 22, down 100 yuan per tonne from October's tender. Tsingshan and Baosteel lowered their November tender purchase prices by 100 yuan...