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14 Jul
06:20

Japan’s ferrochrome import price falls 16% on-quarter

The import price of ferrochrome to Japan has dropped for the first time in about two and a half years, bidding goodbye to the record high registered in the second quarter following Russia’s invasion of Ukraine, Kallanish notes. Nippon Steel Stainless Steel has agreed with major producers to reduce the price of ferrochrome, which is a raw material for stainless steel, by about 16% on-quarter. The new import price for the September quarter thus stood at …
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