Taigang lifts Dec. ferrochrome buying price

Nov 30, 2012 | 03:25 PM |

Tags  China stainless, chrome ore, ferrochrome, stainless steel, Taigang Stainless Steel Group, Baosteel Group

SHANGHAI — Taigang Stainless Steel Group Co. Ltd., China’s largest stainless producer, has increased its December-delivery high-carbon ferrochrome purchase price.

The price is now at 7,000 yuan ($1,123) per tonne, including delivery, for an all-cash payment, up 150 yuan ($24) from November.

Prices from other major stainless steel mills—including Baosteel Group Corp. and Jiuquan Iron & Steel (Group) Co. Ltd.—have also risen.....

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