Green shoots are emerging in the ferrochrome industry in India, as a revival in demand from China and higher prices have spurred producers to bring idled capacity back into production.

Diversified mining company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.

Platinum group metals (PGMs) and chrome concentrates producer Tharisa on Tuesday reported “record results”, with its profit after tax more than doubling from $6-million in 2015, to $15.8-million for the year ended September 30.

[Ferro-Alloys.com]Located in Qinghai, Tianyi Metallurgy Group started its two furnaces of 12500KVA on November 29, 2016 to produce high-carbon ferrochrome after 9 months of stoppage.

The Odisha State Pollution Control Board has slapped a closure direction on Visa Steel’s ferro alloys plant and the direct-reduced iron (DRI) unit at Kalinganagar in Jajpur district for failure to conform to air and water pollution norms.

At least two Indian manganese alloy producers have switched to ferrochrome production this month on the back of surging manganese ore prices as well as tightening supplies, market sources said Friday.

[Ferro-Alloys.com]Tsingshan Group raised its tender price for high-carbon ferrochrome sharply in November to rmb9495/mt 50% Cr basis, delivered VAT price by cash

[Ferro-Alloys.com]Baosteel raised its tender price for high-carbon ferrochrome sharply in November to rmb9500/mt 50% Cr basis, delivered VAT price by cash, up rmb2500/mt 50% Cr basis