Huaigang Special Steel announces bidding results for ferrovanadium

Date:Jul 24, 2018

BEIJING (Asian Metal) 24 Jul 18 – Huaigang Special Steel under Shagang Group completed the bidding to purchase 30t of ferrovanadium 50%min with the final purchasing price of RMB277,000/t (USD81.59/kg V) Inc-VAT delivered D/P, RMB3,000/t (USD0.88/kg V) lower than the market expectation.

Although the bidding result exerted influences on the price trend of ferrovanadium, mainstream prices for the material would remain high for the time being.

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