Ferrochrome Prices are Flat from the Previous Trading Day Approaching the Chinese New Year

Published: Jan 17, 2023 17:27

Source: SMM

Save

On January 17, the prices of high-carbon ferrochrome in Inner Mongolia were 8,700-9,000 yuan/mt (Cr 50%), flat from the previous trading day.

SHANGHAI, Jan 17 (SMM) - On January 17, the prices of high-carbon ferrochrome in Inner Mongolia were 8,700-9,000 yuan/mt (Cr 50%), flat from the previous trading day. With the approaching of the Chinese New Year, the transportation efficiency gradually dropped, and the retail sales of spot ferrochrome are mostly suspended. Prices of ferrochrome were stable before the Chinese New Year holiday. Chrome ore prices fluctuated with some ups as the arrivals at ports in the month were low, thus the industry players are generally bullish on the bid prices in February 2023.

Spot Market Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 mins ago

New EAF-based Steel Mill for Hyundai Steel in Louisiana

Hyundai Steel make a groundbreaking for its $5.8 billion EAF-based integrated steel mill on September 4th, 2026 in Louisiana. With this facility, the annual capacity will be around 2.8 million tonnes and the commercial operation is to start in 2029. The end user for this steel mill will be Hyundai motor and other automakers across North America.

15 mins ago

16 mins ago

Kocaer Çelik opens a new company in the US

Kocaer Çelik, a leading steel manufacturer based in Turkey, now they open the office in US. They will use the US company for its activities on manufacturing, trading, and marketing activities. Besides that, the existence of Kocaer Çelik in US shows their strategy to enhance global competitiveness.

16 mins ago

18 mins ago

First High-Value structural steel shipment to Canada

A steel products worth 216,000 USD is produced by PT Gunung Raja Paksi Tbk to Canada that will be used for the construction project. This export shows the ability and the strategy used by Indonesia to target more higher value industrial products rather than semi-finished products. In terms of volume, it might be small but it flexes the ability of Indonesia’s steel manufacture.

18 mins ago