Last week Turkish and Iranian lumpy Cr ore prices continued to drop (-7.8% and -12.2% respectively), South African
concentrate prices were down slightly (-1.5%) and, notably, UG2 prices were up 2.8% from last week as per FerroAlloyNet.
Chinese Cr ore stocks at its ports kept on growing, reaching levels from June 2014 with 2.37 Mt, amid falling Cr ore, FeCr and stainless steel prices as well as low demand from Chinese mills and from consumers down the line.