Chinese FeCr under pressureas import tax scrapped

摘要

The Chinese domestic ferrochromemarket is expected to remainunder pressure after the 1% import taxon ferrochrome with more than 4% carbonwas scrapped.Exporters lauded Beijing’s decisionin December. The 1% import tax wasfactored into the selling prices quotedto Chinese buyers, they said previously.Removal of the 1% import tax willgive sellers higher price realization, they added.