Import market of ferrochrome was under much pressure from China as ferrochrome market weakened continuously in China. However, the Indian suppliers showed optimism for the future market

[Ferro-Alloys.com] In the end of May, the ferrochrome market in Europe generally kept stable although HC ferrochrome in the local slightly weakened. Ferrochrome (Cr 60-65% C6-8%) was offered at USD.../lb Cr while material with Cr60-70%,C0.1% was at USD.../lb C...

[Ferro-Alloys.com] Imported ferrochrome market was under much pressure in China as innder ferrochrome market weakened continuously. However, the Indian suppliers see up for the future market due to termination of some chrome, iron, and manganese exploitations.

According to the market, the high carbon ferrochrome market still bore great pressure for the rising cost of the chrome ores.

At the end of May, the ferrochrome price kept stable, waiting for the new round of purchasing from steel mills. Now the mainstream price of high carbon ferrochrome was RMB6,500/mt.

After slightly declined in last week, the import ferrochrome price of South Africa and Indian turned stable

Philippe Richard said, affected by the rising demand of the stainless steel, in 2014, China’s FeCr output would continue to go up while the growth rate would slow down.

According to the statistics of Macquarie, in 2013, stainless steel (SS) production was 38.6million tons, rising by 7.8% year on year