China mills' March ferrochrome tenders lower than expected

摘要

Major Chinese stainless steelmill Taiyuan Iron & Steel (TISCO) has raisedits March ferrochrome purchase price byYuan 100/mt to Yuan 7,750/mt (equivalentto 93.7 cents/lb based on the latest yuan/dollar exchange rate) for 80,000 mt,sources said Thursday. However, this waslower than expected.