Prices for imported UG2 chrome ore and Chinese spot high-carbon ferro-chrome dropped in the week to Friday March 20 due to a bearish outlook for the stainless steel market.
Fastmarkets' South Africa UG2 concentrates index, basis 42%, cif China fell for a fifth consecutive week to a four-year low of $114 per tonne on Friday. This was down by $8 per tonne or 6.6% from $122 per tonne a week earlier.A fall...