Production Costs Of High-Carbon Ferrochrome Fell Slightly In March

Published: Apr 19, 2023 15:49

Source: SMM

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SHANGHAI, Apr 19 (SMM) - The production costs of high-carbon ferrochrome fell slightly in March. As of April 10, the real-time costs of raw materials in Inner Mongolia were 8,929 yuan/mt (Cr50%), down 198 yuan/mt (Cr50%) or 2% MoM.

Coke prices fell at the end of March, with the prices of secondary-grade metallurgical coke losing 50-100 yuan/mt.

Power tariffs in south China fluctuated little, while those in western Mongolia dipped to 0.45 yuan/kWh.

Chrome ore prices fell due to declines in stainless steel mills’ April bid prices of high-carbon ferrochrome and output cuts by ferrochrome plants, but low inventories limited its downside room.

As high-carbon ferrochrome prices fell more sharply than costs, producers still struggled in loss-making territory.

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