High-carbon Ferrochrome Prices Run Stably with Cost and Bid Price Support in Feb

SHANGHAI, Mar 20 (SMM) - Ferrochrome prices climbed to a high level after the CNY in anticipation of strong demand and short-term support from chrome ore prices. In such a context, the profit margins of ferrochrome plants in the north grew, and cargo holders became more willing to ship. However, the stainless steel consumption recovery was slower than expected, and the downstream companies were cautious in restocking, leading to slack ferrochrome transactions. The market confidence gradually weakened in the month. Ferrochrome prices were stable with cost and bid price support.