www.ferroalloynet.com: This week, the bidding price of vanadium-nitrogen alloy continued to fall from 142,000 CNY/Ton in cash to around 134,000 CNY/Ton in cash. Medium and large scale representative steel mills such as Shaogang, Egang, and Laiwu Steel set their prices at 139,000-140,000 CNY/Ton (by acceptance). Although steel mills have entered the market one after another, the overall purchase volume has not reached expectations. Coupled with the correction in rebar prices, steel mills have increased their efforts to reduce prices in purchasing, and the bidding price of vanadium-nitrogen has continued to fall.
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