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.
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