On May 22, TISCO announced its tender purchase price for high-carbon ferrochrome for June at 8,295 yuan per 50 metric base tons. Tsingshan Group set its price at 8,495 yuan per 50 metric base tons simultaneously. Both prices were unchanged month-on-month from May, largely in line with market expectations. Market sentiment has stabilized, and retail prices of ferrochrome have halted their decline and leveled off.

South Korean aerospace materials group Spear is advancing construction of a next-generation High-Pressure Acid Leach (HPAL) nickel smelter in Indonesia, with acquisition of the project finalized earlier this year. The company is operating the Indonesian business through strategic partnerships with NIC, a globally listed minerals company, and Tsingshan Group, the world's largest nickel producer. Spear said it expects to recognize equity method gains and operational profits from the smelter going forward, alongside growth in nickel raw material distribution. Part of the 90 billion won raised through a recent CB block deal will be allocated to completing construction and funding offtake settlements for high-purity nickel output.

[SMM Aluminum Express News] Tsingshan Holding Group has reportedly asked some nickel pig iron (NPI) producers at Indonesia’s Weda Bay industrial park to cut output by June in order to redirect electricity supply toward aluminum production. The move highlights growing power constraints as Tsingshan expands into aluminum smelting in Indonesia, where stronger aluminum prices and Middle East-related supply disruptions have improved margins for the metal.

News Release: April 30, 2026 According to SMM statistics, China’s high-carbon ferrochrome output in April 2026 fell by 1.28% month-on-month but rose by 24.63% year-on-year, with notable regional divergence. The majority of the monthly output reduction came from Inner Mongolia in northern China. Affected by substation maintenance, ferrochrome producers in Fengzhen faced production restrictions, with output dipping slightly by 1.82%.

[SMM Chrome Daily Review: Steel Tender Bids Raised by 100, Confidence in Chrome Market Strengthened] April 27, 2026: The ferrochrome and chrome ore market saw no fluctuations for the time being...

Tsingshan Group released its May futures price list today, raising all 300-series grades by RMB300/MT, with floor prices set for 304 cold-rolled and hot-rolled coil. Liyang Stainless and Delong followed with matching increases. In Chinese Taiwan, 304 cold-rolled coil returned to a 3-year high of NT$70,500/MT, with a 6th consecutive monthly increase widely expected in May at NT$3,000–4,000/MT. On prices, 304 futures closed at RMB14,925/MT; Wuxi and Foshan spot cold-rolled averaged RMB14,900/MT; 316L averaged RMB28,200/MT in Wuxi and RMB28,250/MT in Foshan; 201 and 430 cold-rolled held at RMB8,700/MT and RMB7,800/MT respectively. While firm raw material costs continue to underpin prices, the divergence between futures pullback and weak downstream demand remains a key market dynamic to watch.