Chinese stainless steel mills cut July FeCr tender prices significantly on oversupply

摘要

China’s leading stainless steel mills -Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have cut their July tender prices for high-carbon ferro-chrome by 450-500 ($65-72) yuan per tonne month on month on July 3. Tsingshan and Baosteel announced the month on month 450-yuan-per tonne reduction in their July tender prices for high-carbon ferro-chrome earlier in the morning on July 3, with their latest tender prices at 6,296 yuan per tonne and 6,300 yuan per tonne respectively.