Chinese stainless FeCr prices up only marginally in January

While some analysts were predicting a big increase while others were predicting a sharp decrease, the Chinese stainless mills took a more neutral path by raising their January ferrochrome price by about rmb 200. The new prices are: Baosteel, rmb 7,300 per mt (about 87¢ per lb); Tisco, rmb 71,00 (84¢); and Qingshan, rmb 7,296 (87¢). All delivered plant basis 50% Cr.

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