Low-priced VN alloly materials are reduced

Date: May 22, 2018

www.ferroalloynet.com: As enquiries increase in number, Pangang, Jianlong, Desheng,and Tranvic intend to stabilize the market with unchanged offering prices. There are some low-priced inventories of vanadium-nitrogen that were purchased previously and steel mills force down the bidding prices strongly, so many trades are reported at lows. But with the unchanged purchasing cost, the manufacturers suffer serious cost overhang. After a period of consumption and production adjustment, current quotations have been slightly adjusted and the low-priced materials are reduced.

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