Power supply control impacts production of high-carbon ferrochrome in Inner Mongolia

High-carbon ferrochrome of Inner Mongolia quoted at 9,000-9,200 yuan/mt (Cr 50%), flat from the previous trading day.

On domestic supply, industrial power consumption in Inner Mongolia increased 750 million kWh in April.

Yunnan Tin Group, China’s largest tin producer, said late Tuesday that it would suspend production for maintenance at its smelter from June 24.

JFE, Japan’s second biggest steelmaker, said on Friday that it will close a blast furnace and other facilities at the East Japan Works (Keihin) to optimise its domestic operations. Those facilities are expected to be shut down by FY2023 (ending March 2024), bringing the company’s operating blast furnaces in Japan to seven and reducing its crude steel capacity by around 4 million mt or 13%.

According to a statement by Jiangsu’s ecology and environment department released on February 27, the project, located in Jianhu Shanggang Industrial Park, will be developed in two stages.

SMM estimates China’s high-carbon ferrochrome production at 420,000 mt in February, 47,000 mt lower from January, on the back of shipment curbs after the coronavirus outbreak

The European high-carbon ferrochrome benchmark for the first quarter of 2020 was settled at $1.01/lb

A mill will suspend for about 10 days, which is expected to impact one-third of its supply for Sep

Customs data also showed that China’s imports of ferrochrome declined 29.87% from Jun

During that period, only one sintering machine at the northern plant of Tangshan Steel is allowed to maintain operation