[SMM Analysis] China's Ferrochrome Imports to Stay Low in the Short Term after Falling in May

Published: Jun 22, 2026 17:25

News, June 22, 2026:

According to China Customs statistics, China’s total imports of high-carbon ferrochrome reached 131,000 tonnes in May 2026, falling 9.7% month-on-month and 15.62% year-on-year.

  • Imports from South Africa stood at 10,000 tonnes, down 71.45% month-on-month and 37.18% year-on-year;
  • Imports from Kazakhstan hit 84,700 tonnes, rising 10.18% month-on-month while slipping 13.87% year-on-year.

From January to May 2026, China’s cumulative imports of high-carbon ferrochrome totalled 677,900 tonnes, a year-on-year drop of 45.5%.

  • Cumulative imports from South Africa: 100,100 tonnes, plunging 83.0% year-on-year;
  • Cumulative imports from Kazakhstan: 395,600 tonnes, edging down 9.9% year-on-year.

South Africa's preferential electricity tariff of 0.62 rand per kWh has officially obtained approval from Nersa. Top ferrochrome producer Glencore-Merafe has withdrawn the clause involving 189 job cuts. Although South Africa's ferrochrome sector has entered full production resumption, output has not seen a notable jump, with monthly ferrochrome exports remaining at a relatively low range of 70,000–100,000 tonnes. Kazakhstan maintains steady production with limited fluctuations in its ferrochrome exports and supply volume. On the whole, China's ferrochrome imports will stay at a low and stable level in the short run.

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.

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