Ferro chrome offers in the Chinese spot market increased to around RMB 9,000/t ($1,390/t) for high carbon (HC) 55% material, a d-o-d increase of RMB 300/t. The sharp rise in offers can be attributed to:
- Reduction in ferro chrome supplies in Inner Mongolia due to power curtailment.
- Disrupted supply from South Africa due to severe social unrest in the nation.
- Increasing demand for ferro chrome from the 300 series stainless steel market in China.
Leave a Reply