High-carbon Ferrochrome Output in China to Drop to 511,600 mt in Apr

SHANGHAI, Apr 12 (SMM) - The output of high-carbon ferrochrome in April is expected to fall to 511,600 mt. Stainless steel mills plan to cut their production on high social stocks, thus the demand for ferrochrome may decrease. The costs can hardly prop up ferrochrome prices since the plants are running at high capacities. Bid price of ferrochrome in mainstream stainless steel mills will decline sharply in April. Ferrochrome manufacturers in the south suspend their production intensively on huge loss, but the ones in the north maintain normal production with order support. Ferrochrome supply can barely be tight with poor demand and the accumulated inventory in the previous period.