China: Tsingshan cuts ferro chrome tender prices by RMB 200/t ($28/t)
China's Tsingshan has reduced its ferro chrome tender prices for Nov'24 by RMB 200/t ($28/t) m-o-m to RMB 8,095/t ($1,136/t) DAP, including taxes. The price cut is likely due to sluggish global demand for stainless steel. On 22 Oct'24, domestic prices in China (HC50%) were at RMB 7,950/t ($1,116/t) exw-Inner Mongolia.