Greater domestic capacity to lower high-carbon ferrochrome imports-Shanghai Metals Market

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Greater domestic capacity to lower high-carbon ferrochrome imports

Data Analysis 02:47:56PM Dec 17, 2018 Source:SMM

SHANGHAI, Dec 17 (SMM) – SMM forecasts that expanding domestic capacity will lower China's imports of high-carbon ferrochrome by 9% year on year to 2.4 million mt in 2018. 

As one of the raw materials to produce stainless steel, high-carbon ferrochrome’s imports grew 36.06% from September, to 256,600 mt in October, showed data from China Customs. Currently, imports account for one-third of overall supplies in China. 

From 2015, rising domestic capacity and more imports of higher-grade cargoes from India started to lower China’s imports from South Africa, customs data showed, 

SMM expects domestic imports of South Africa’s high-carbon ferrochrome to shrink to 1.09 million mt in 2018. Imports from South Africa rose from 989,300 mt in 2013 to 1.96 million mt in 2015, according to customs data.

Greater domestic capacity to lower high-carbon ferrochrome imports

Data Analysis 02:47:56PM Dec 17, 2018 Source:SMM

SHANGHAI, Dec 17 (SMM) – SMM forecasts that expanding domestic capacity will lower China's imports of high-carbon ferrochrome by 9% year on year to 2.4 million mt in 2018. 

As one of the raw materials to produce stainless steel, high-carbon ferrochrome’s imports grew 36.06% from September, to 256,600 mt in October, showed data from China Customs. Currently, imports account for one-third of overall supplies in China. 

From 2015, rising domestic capacity and more imports of higher-grade cargoes from India started to lower China’s imports from South Africa, customs data showed, 

SMM expects domestic imports of South Africa’s high-carbon ferrochrome to shrink to 1.09 million mt in 2018. Imports from South Africa rose from 989,300 mt in 2013 to 1.96 million mt in 2015, according to customs data.