China’s stainless mills resist ferrochrome surge and cut January price by 2%-3% from December

摘要

China’s two leading stainless steelmakershave cut their January high-carbonferrochrome purchase prices by 2%-3% fromDecember, reflecting a softer market aheadof Lunar New Year, Chinese traders said onDecember 28.The country’s largest stainlesssteelmaker Tsingshan has reduced itsJanuary high-carbon ferrochrome purchaseprice to Yuan 10,395/mt ($1.14/lb), down 2%from Yuan 10,600/mt for December, Chinesetraders said.