Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel have all raised their high-carbon ferro-chrome tender prices month on month for March due to tight supply of the stainless steel raw material, higher chrome ore prices and rand appreciation.
Tisco has bid 7,750 yuan ($1,221.42) per tonne for high-carbon ferro-chrome for March delivery,100 yuan higher than its February tender price. The day after Tisco announced its March tender price on Thursday March 1, Tsingshan Group issued its March tender price of 7,996 yuan per tonne, also an increase of 100 yuan month on month. "For ferro-chrome delivered to Tianjin port, the price is 7,836 yuan per tonne, 160 yuan lower due to cheaper delivery charges," Tsingshan Group said. "Delivery is due on April 10." Baosteel has similarly...