Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

Ferro-silicon prices have lately consolidated at €2,450-2,600/t ddp, down by 38pc since early May.

Prices across Europe's ferro-chrome suite extended their losses on 5 July, as offers for imported alloy put additional downside pressure on the depreciating market.

European high-carbon ferro-manganese prices were assessed down at €1,250-1,425/t ddp on 5 July, while silico-manganese sat at a marginal discount of €1,250-1,400/t ddp.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing.

Benchmark 62% Fe fines imported into Northern China fell 4.41%, to $109.89 per tonne.

Dalian coking coal slumped 6.1% and coke dropped 3.8%.

Ferrosilicon futures continued to fall in June, resulting in spot prices falling.