Chrome Market Report April 2013

In late March, Chinese stainless steelmakers decreased their April high carbon ferrochrome purchasing prices significantly, driving the Chinese ferrochrome and chrome ore market down with limited deals concluded in the first half of April. However, due to firm offers from foreign chrome ore suppliers, the Chinese chrome ore and ferrochrome markets stabilized in the second half of the month, despite demand remaining sluggish.Asian Metal CopyrightIn late March, Chinese stainless steelmakers decreased their April high carbon ferrochrome purchasing prices significantly, driving the Chinese ferrochrome and chrome ore market down with limited deals concluded in the first half of April.Asian Metal Copyright In late April, TISCO delays the high carbon ferrochrome delivery, that is, suspends high carbon ferrochrome purchase for May.Asian Metal CopyrightIn late March, Chinese stainless steelmakers decreased their April high carbon ferrochrome purchasing prices significantly, driving the Chinese ferrochrome and chrome ore market down with limited deals concluded in the first half of April.Asian Metal Copyright Asian Metal believed that in May ferrochrome and chrome ore market would continue to keep slow and the prices would not change much.