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

New generation beneficiation and trading company, Thakadu Resources has bought a 26% stake in fully integrated mine-to-market chrome producer ChromTech Holdings.

Global steel demand will rise by a meagre 0.2 percent this year, according to the World Steel Association (WSA). Next year won't be much better with a forecast of just 0.5 percent growth.

The attributable ferrochrome production of Merafe is on the rise, with the black-controlled JSE-listed company reporting upped output primarily on additional production from the low-energy Project Lion II furnaces of the Glencore Merafe Chrome Venture.

[Ferro-Alloys.com]After signing the agreement in the end of September, Jilin Ferroalloys is about to build its ferroalloys project of 3 million tonnes capacity per annum in Ulanqab. The company is currently preparing the filing for the project.

[Ferro-Alloys.com]Chrome alloy and manganese alloy prices have been declining for years until the second quarter of 2016 when the prices rebounded sharply, and the prices continued skyrocketing in the beginning of the fourth quarter.