SMM

[Steel Tender Update - High-Carbon Ferrochrome] The tender price for high-carbon ferrochrome (processed blocks) by Citic Pacific Special Steel for February 2025 has been announced. The tax-inclusive factory acceptance price is set at 7,800-8,000 yuan/mt (50% metal content), up 260-400 yuan/mt (50% metal content) MoM from January's 7,540-7,600 yuan/mt (50% metal content). The tender procurement volume is 2,900 mt, an increase of 500 mt MoM from January. The tender price for low-carbon ferrochrome by Citic Pacific Special Steel for February 2025 has also been announced. The tax-inclusive factory acceptance price for C.50 low-carbon ferrochrome (processed blocks) is set at 12,900 yuan/mt (60% metal content), rising slightly by 50 yuan/mt (60% metal content) MoM from January's 12,850 yuan/mt (60% metal content). The tender procurement volume is 1,400 mt, a decrease of 900 mt MoM from January.