On basis of the present supply and the strike situation, the SA Cr ores would continue to stay firm.

According to the latest tender price of the major steel mills, the prices were further cut down by RMB50-100/mt. What’s worse, many of them reduced the purchasing volume or even stopped the purchasing of May.

China's Jiuquan Iron & Steel has cut its high carbon ferrochrome purchase price by Yuan 100/mt ($16/mt) on the month to Yuan 6,500/mt (80 cents/lb),

Now the chrome industry of China faced complex situation, as the rainy season was coming and the FeCr enterprises had to start operation. While most of the discontinued manufactures had no stock and the enterprises with normal production

Baosteel, one major steel mill in China, once again cut down the benchmark price of high carbon FeCr in May.

Due to the weak demand of the stainless steel and foundry market, the low carbon ferrochrome trade was not well.

This week FeCr market ran smoothly in China and sidelined atmosphere grew in late April.

According to the statistics, China imported 867.6thousand tons chrome ores in Mar.