In April, the output of high chromium reached 736,800 tons, breaking the historical peak [SMM analysis]

SMM data shows that in April 2024, the national high-carbon ferrochrome output will further rise, breaking through the historical peak, to 73.68, an increase of 75,600 tons month-on-month, an increase of 11.43%; an increase of 180,600 tons year-on-year, an increase of 32.47%. Among them, the output of Inner Mongolia was 492,500 tons, an increase of 16,300 tons or 3.42% month-on-month; The output in Guizhou was 39,500 tons, an increase of 50.92% month-on-month. Entering the gold three silver four, stainless steel consumption picked up, and the price of mainstream stainless steel mills rose sharply in April. The profits of ferrochrome manufacturers recovered, the enthusiasm for production was high, and the release time of this round of steel recruitment was earlier, which left enough time for the resumption of production of raw materials for the suspended iron plant, and there were more new furnaces put into operation and resumed production in the month, and the output of ferrochrome increased significantly. The output of high-carbon ferrochrome in May is expected to be 750,200 tons, which will be further higher than the output in April. In May, the volume and production of steel mills were further improved, and steel mills had higher requirements for the stability of domestic ferrochrome raw material supply. Sichuan has entered a period of flat and abundant water, electricity prices have fallen, production profits have increased, and Sichuan Iron Works has fully resumed production, which is expected to further increase the already high ferrochrome output.