China's largest stainless steelmaker Shanxi Taigang Stainless Steel put out a bid of Yuan 7,700/mt (1,222 dollars/ mt) delivered, including VAT, for its March ferro-chrome deliveries, trading sources told Platts Tuesday. Taigang initially put out a March bid of Yuan 7,800/mt Monday, but reduced this as it received “overwhelming” offers at the price. “Apparently they received offers totaling more than 40,000 mt and this was more than they expected,” a north China-based trader said.
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