Nanjing Iron & Steel announces bidding results for ferrovanadium
Date: Aug 24, 2018
BEIJING (Asian Metal) 24 Aug 18 – Nanjing Iron & Steel Co., Ltd. completed bidding to purchase 60t of ferrovanadium with the final purchase price of RMB277,000/t (USD80.60/kg V) Inc-VAT delivered D/A six months, unchanged from last purchase. The bidding result which completely met the market expectation supported ferrovanadium prices to stay at high level and would encourage market participants to be more confident about the market outlook.
The company last purchased 90t of ferrovanadium 50%min at RMB277,000/t (USD80.60/kg V) Inc-VAT delivered D/A six months on July 31th.
