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]

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.