SHANGHAI, Mar 7 (SMM) - On March 7, the prices of high-carbon ferrochrome in Inner Mongolia were 9,200-9,300 yuan/mt (Cr 50%), flat from the previous trading day.
The recovery of downstream consumption of stainless steel is not as good as expected, and the stainless steel mills carried out maintenance. Therefore, the ferrochrome demand may not be as high as expected. Ferrochrome prices were stable with chrome ore price support, but the downstream traders were cautious in buying. The retail transactions of ferrochrome were slack, and the market was sluggish.
