China's stainless mills cut Jan FeCr prices 2-3%: sources

摘要

China’s two leading stainlesssteelmakers have reduced January high-carbonferrochrome purchase prices by 2%-3% fromDecember, reflecting a softer market ahead ofLunar New Year, Chinese traders said Wednesday.The country's largest stainless steelmaker,Tsingshan, reduced its January high-carbonferrochrome purchase price to Yuan 10,395/mt($1.14/lb), down 2% from Yuan 10,600/mt forDecember, Chinese traders said.