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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

This week the high carbon ferrochrome price decreased by RMBXX/mt to RMBxx/mt (ex-works price with tax). The surplus supply and the weak demand made the FeCr market hard to be changed in short term.

On basis of the present supply and the strike situation, the SA Cr ores would continue to stay firm.

According to the latest tender price of the major steel mills, the prices were further cut down by RMB50-100/mt. What’s worse, many of them reduced the purchasing volume or even stopped the purchasing of May.

China's Jiuquan Iron & Steel has cut its high carbon ferrochrome purchase price by Yuan 100/mt ($16/mt) on the month to Yuan 6,500/mt (80 cents/lb),

Now the chrome industry of China faced complex situation, as the rainy season was coming and the FeCr enterprises had to start operation. While most of the discontinued manufactures had no stock and the enterprises with normal production