Yongfeng Iron & Steel Announces Bidding Results For Vanadium Nitride

Date: Apr 04, 2019

BEIJING (Asian Metal) 4 Apr 19 – Yongfeng Iron & Steel Co., Ltd. under Laiwu Steel Group finished its bidding for vanadium nitride this Tuesday, deciding to buy 140t of the material at RMB258,000/t (USD38,439/t) delivered D/A 180 days.

This price hit a new low in the transaction price trend for vanadium nitride in the current Chinese market, driving many worried suppliers into a hurry of dumping their materials.

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