Tsingshan Group's January 2025 long-term contract purchase price for high-carbon ferrochrome is 6,995 yuan/mt (50% metal content) [Steel Tender Update - High-Carbon Ferrochrome]

To provide more precise and effective feedback on the market dynamics of the domestic chromium industry, better serve clients along the chromium industry chain, mitigate transaction risks and costs for enterprises, and enhance the referential value of quotations, SMM has, through a period of preparation and market research, decided to newly release three chromium-related price indices starting from July 1st:East China High-carbon Ferrochrome; Chrome Ore Oman（Cr2O3 30-32%）-（Tianjin Port）; Chrome Ore Oman（Cr2O3 30-33%）-（CIF）, for market reference.

[SMM Analysis]According to SMM data statistics, the production of high-carbon ferrochrome further increased in May 2025, up 5.76% MoM, but down 5.38% YoY. Among them, Inner Mongolia accounted for 78.26% of the production, with a MoM increase of 1.27%; the southern region, including Sichuan, Guizhou, Guangxi, etc., accounted for 17.14%, with a MoM increase of 24.69%. The tender prices for high-carbon ferrochrome from mainstream stainless steel mills rose again. Coupled with the approaching rainy season in south China and cost advantages in production, manufacturers frequently resumed production, leading to a significant increase in ferrochrome output...

To provide more accurate and effective feedback on the market trends of the domestic chrome ore market, better serve customers in the chrome industry chain, reduce transaction risks and costs for enterprises, and enhance the reference value of our price quotations, SMM, after a period of accumulation and market surveys, plans to introduce five new chrome ore price points starting from June 6.

Dear Customers, Greetings! To more accurately and effectively reflect the market fluctuations of domestic ferrochrome and chrome ore, and to better serve customers in the chrome industry chain, SMM plans to officially launch 15 new price points related to imported high-carbon ferrochrome, domestically produced low and micro-carbon ferrochrome, and imported chrome ore on January 3, 2025: South African high-carbon ferrochrome, Indian high-carbon ferrochrome, Kazakhstani high-carbon ferrochrome, Inner Mongolia medium-carbon ferrochrome (FeCr55C200), Inner Mongolia micro-carbon ferrochrome (FeCr55C10), Inner Mongolia micro-carbon ferrochrome (FeCr55C3), South African 42-44% chrome concentrate (Tianjin Port), Zimbabwean 48-50% chrome concentrate ore (Tianjin Port), Pakistani 40-42% chrome lump ore (Tianjin Port), Albanian 40-42% chrome lump ore (Tianjin Port), South African 40-42% chrome concentrate ore (Qinzhou Port), South African 42-44% chrome concentrate ore (Qinzhou Port), South African 40-42% raw chrome ore (Qinzhou Port), South African 36-38% chrome lump ore (Qinzhou Port), Zimbabwean 48-50% chrome concentrate ore (CIF……

Dear Customers, Greetings! To provide more accurate and effective feedback on the domestic chrome ore market trends and better serve customers in the chrome industry chain, as well as to enhance the reference value of price quotations, SMM plans to officially launch daily CIF price points for chrome ore on December 25. A total of five new price points will be added: South Africa 40-42% chrome concentrate ore (CIF), South Africa 38% chrome lump ore (CIF), South Africa 40-42% raw chrome ore (CIF), Turkey 40-42% chrome lump ore (CIF), and Turkey 46-48% chrome concentrate ore (CIF).

Chromium is a lustrous, hard, steel-gray metal renowned for its high melting point and resistance to tarnishing. Found naturally in the Earth's crust, chromium is essential in various industries. It is a crucial component in the production of stainless steel, giving it the desirable characteristics of strength and corrosion resistance. Additionally, chromium is used in the manufacturing of superalloys, which are vital in the aerospace industry, and in electroplating to provide a shiny, decorative finish and enhance durability. Its utility extends to the pigmentation sector, where it is employed in creating vivid colors for paints and dyes.