n July, supported by the rising cost of Cr ores and the decreasing supply, South African and Indian exporters tried to improve FeCr price. However, until end of July,

The European ferrochrome benchmark in quarter 3, 2014 was settled at USD1.19/1b, decreasing by 2.5% month on month while rising by 5.7% year on year.

According to the latest statistics，in the first half year of 2014, China imported 1.12 million tons FeCr, which increased by 38.7% compared with that of last year, of which South African FeCr rose by 75.8%

At the end of July, the low carbon ferrochrome price declined by RMB100-200/mt, as the downstream demand was weak.

t the end of July, the high carbon FeCr production was stable. Due to the poor market condition, the recovered capacity was not obvious, while the total supply was adequate.

The company's pricing strategy is closely watched by Asian rivals such as POSCO, Hyundai Steel Co and Baosteel, which aim to boost exports to Japan.

According to the latest statistics from South Korea, in June, 2014, Korea imported 2,823tons Low carbon ferrochrome (carbon content≤4%), of which China contributed 680tons, Russia 1,846tons, Kazakhstan 200tons, South Africa(SA) 75tons, German 20tons and India...

It was acknowledged that the chromium metal supply in Chinese market was still tight while the price did not change much compared with the second week of July.