| Domestic spot prices of 50% Cr Chinese high-carbon ferrochrome were at Yuan 6,200-6,400/mt (equivalent to 76-79 cents/lb) on Wednesday, down from Yuan 6,250-6,400/mt a week ago, after major stainless steelmakers in the country lowered their October purchase prices.
Last week, Shanxi Taigang Stainless Steel had cut its October bid price by Yuan 50/mt on month to Yuan 6,150/mt, while Baosteel and Jiuquan Iron & Steel both dropped their October prices by Yuan 50/mt on month to Yuan 6,400/mt in late-September...............................................Full Article: Source
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