Taiyuan Steel has decided yesterday to raise its high carbon ferrochrome purchase price from its January level by CNY 300 to 400 per base ton to CNY 6664 to CNY 6700 per base tonne for February.
With rising imported chromium ore prices, plus other expenses such as transportation costs, the price is now barely above break-even level. Other high carbon ferrochrome producers are expected to follow suit.
Source: MySteel.net
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