[SMM Announcement] New chrome ore price point added

Dear Customers:

Hello! To provide more accurate and effective feedback on the market trends of domestic chrome ore, better serve customers in the chrome industry chain, reduce transaction risks and costs for enterprises, and enhance the reference value of our quotes, SMM, after a period of accumulation and market surveys, plans to introduce five new chrome ore price points starting from June 6: Zimbabwe 46-48% chrome concentrate fines (Tianjin Port); Zimbabwe 46-48% chrome concentrate fines (CIF); Turkey 40-42% chrome lump ore (Qinzhou Port); Pakistan 40-42% chrome lump ore (Qinzhou Port); Albania 40-42% chrome lump ore (Qinzhou Port), for market reference.

1. Evaluation (Calculation) of Published Prices

Before 11:30 AM on working days (excluding Chinese public holidays and weekends).

2. Pricing Unit and Presentation Format

Presentation Format: Price Range

Online Update Time: Starting from June 6, 2025, before 11:30 AM on working days (excluding Chinese public holidays and weekends).

We welcome more 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 Wang Cong at 021-51666838, Feng Disheng at 021-51666714, or Mao Shasha at 021-20707863.

SMM Stainless Steel and Raw Materials Research Team

May 30, 2025