19
Feb
17:27
Glencore expects challenge from additional Chinese ferrochrome capacity
Glencore expects China to add more ferrochrome capacity, thereby further challenging South African producers of the steelmaking raw material.
Although Chinese stainless steel output grew 13% on-year in 2019, it was supported by an equal growth rate in domestic Chinese ferrochrome production. This helped South African chrome ore exports rise 20% last year but meant that the country’s ferrochrome exports fell -4%. The relatively high costs of smelting in South…
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Anonymous
Very good overview of the weekly steel market.
Anonymous