China: Major stainless steel producers lower ferro chrome tender prices
Chinese stainless steel giants Tsingshan and Baosteel Desheng have reduced their tender prices of ferro chrome for Dec'21 procurement. Tsingshan lowered its tender price by RMB 900/t ($141/t) to RMB 9,595/t ($1,506/t). Baosteel reduced prices by RMB 895/t ($140.5/t) to RMB 9600/t ($1,507/t). All prices are on delivered to plant basis, including taxes, with delivery latest by 10 Jan'22.