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[Ferro-Alloys.com]The 12th China Ferro-alloys International Conference, hosted by Ferro-Alloys.com and CCCMC, was held in Qingdao on May 28th, 2015. Mr. Cao Wenquan, from YILDIRIM HOLDING INC, gave a presentation on the event. Mr. Cao presented his analysis on global chrome ore and ferrochrome market, including China and Turkey, and then gave a outlook for chrome market in 2015.

 

According to his report, global chrome ore output reached 30 million tonnes in 2014, among which 49% is from South Africa, 16% from Kazakhstan, 14% from India, 9% from Turkey, 3% from Oman, and 9% from other places. The exported chrome ore reached 11 million tonnes, among which 56% is from South Africa, 13% from Turkey, 7% from Kazakhstan, 6% from Oman, 3% from India, and 15% from other places. China imported 90% of the global exported chrome ore. Global ferrochrome output totaled 11.23 million tonnes in 2014, among which 39% is from China, 32% from South Africa, 13% from Kazakhstan, 5% from India, 3% from Russia, 2% from Zimbabwe, 2% from Brazil, 2% from Turkey, and the rest accounts for 3%.

 

As per China and Turkey chrome ore, the reduction of China's import of chrome ore from Turkey was mainly because of YILDIRIM HOLDING INC's quit.

 

Mr. Cao predicted that the global stainless steel output would total 44-45 million tonnes in 2015, half of which would be from China, China would import more than 10 million tonnes of chrome ore in 2015 to 10.5 million tonnes.

 

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