Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months.
The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price includes value-added tax and should be paid on acceptance. Tsingshan has now maintained the same high-carbon ferro-chrome tender price for three months in a row since August.In the upstream market, the UG2 chrome ore price has had a modest recovery since August 25 due...