It is learned that TISCO introduced the tender price of high carbon ferrochrome in July at  8200yuan / mt (including tax and shipping costs) this afternoon, and their purchase volume is about 30,000 tons, which substantially dropped by 1300yuan / mt. Most steel mills are surprised about the price, and they have no intention to supply.

    According to a ferrochrome manufacturer in Sichuan province, the price is so low that they do not even consider to supply. While a ferrochrome producer in Hunan province also said that the price was lower than current cost, and if he accepted it, he will be directly facing great losses, so there is no intention to supply.