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High-carbon Ferrochrome Output Fell sharply amid Power Restrictions
Aug 4, 2021 11:47CST
Source:SMM
High-carbon ferrochrome output fell sharply amid power restrictions. The main production areas, including Inner Mongolia, Guangxi and Sichuan all have power curtailment. Meanwhile, Shanxi has recently undergone environmental inspections.

SHANGHAI, Aug 4 (SMM) - High-carbon ferrochrome output fell sharply amid power restrictions. The main production areas, including Inner Mongolia, Guangxi and Sichuan all have power curtailment. Meanwhile, Shanxi has recently undergone environmental inspections. High-carbon ferrochrome output is unlikely to stabilise and supply to remain tight.

High-carbon ferrochrome output in Inner Mongolia is expected to stand at 173,000 mt in July, down 17.62% on the month and 48.48% on the year; and the output in August is expected to be 168,000 mt without intensifying power curtailment (the reduction is mainly caused by maintenance at mills which lasts 7-10 days in July), a year-on-year decrease of 45.98%. High-carbon ferrochromium supply totalled 450,000 mt in July, down 76,000 mt month on month and 20.56% year on year.

According to SMM survey, steel output declined sharply, but stainless steel output reduced limitedly. Stainless steel plants have strong demand for ferrochrome. High-carbon ferrochrome prices rose sharply amid tight supply, and quotations at individual plants in central China stood at 12,000 yuan/mt.

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