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The high carbon ferrochrome market has maintained temporary stability. Although the cost of raw material chromium ore remains high, the current bidding price for large stainless steel plants in March continues to remain unchanged, while the bidding acceptance prices for other special steel plants have slightly decreased by 120-160 yuan/ton, which hinders the market from developing positively.
There are still no obvious signs of fluctuations in the chromium ore market. With the new round of bidding prices for downstream mainstream large steel mills continuing to stabilize, some smelting factories are still experiencing production losses. The acceptance and recognition of high priced raw materials are low, and ore prices are difficult to further improve. Recently, the volatility of the market has gradually slowed down.