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14 Oct
05:24

Nippon Stainless agrees lower ferrochrome import price

By last week, Japan’s Nippon Steel Stainless Steel Corporation had achieved price cuts for ferrochrome imports with several major suppliers in South Africa. These followed similar settlements in Europe the previous week. The price for October-December loading was set at $1.57/lb, posting a decrease of about 16% from the September quarter, Kallanish notes. The second consecutive decline follows a similar drop for the third quarter. Ferrochrome’ pea…
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