【SMM Announcement】Announcement on the Addition of Chrome-Related Price Points

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).

1. Price Assessment (Calculation)
Before 11:30 AM on working days (excluding Chinese statutory holidays and weekends).

2. Pricing Unit and Presentation Format

Online Update Time: Starting from January 3, 2025, before 11:30 AM on working days (excluding Chinese statutory holidays and weekends).

We welcome more related enterprises in the industry chain to participate and support SMM in better serving enterprises in the chrome industry chain. If you have any questions, please feel free to contact Cong Wang at 021-5166 6838 or Wenfei Gao at 021-5166 6852.

SMM Stainless Steel and Raw Material Research Team
December 31, 2024