China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, have all raised their high-carbon ferro-chrome tender prices for March delivery by 700 yuan ($108) per tonne from the prior month.
The latest tenders issued by Tisco, Tsingshan and Baosteel are 8,700 yuan per tonne, 8,896 yuan per tonne and 8,900 yuan per tonne respectively, marking an increase of nearly 9% from the levels they offered for February, when they all raised their offers by 2,200 yuan per tonne from January.The main factor behind mills' continually rising monthly tender prices remains supply concerns after Ulanqab, the main...