At the end of July, the low carbon ferrochrome price declined by RMB100-200/mt, as the downstream demand was weak.

t the end of July, the high carbon FeCr production was stable. Due to the poor market condition, the recovered capacity was not obvious, while the total supply was adequate.

The company's pricing strategy is closely watched by Asian rivals such as POSCO, Hyundai Steel Co and Baosteel, which aim to boost exports to Japan.

According to the latest statistics from South Korea, in June, 2014, Korea imported 2,823tons Low carbon ferrochrome (carbon content≤4%), of which China contributed 680tons, Russia 1,846tons, Kazakhstan 200tons, South Africa(SA) 75tons, German 20tons and India...

It was acknowledged that Indian government had decided that on July 10th, 2014, they would pull up the import tax of Stainless steel flat products from 5% to 7.5%.

South African FeCr played an import role in the world for its rich chrome ore resources. In 2013, the global FeCr exports was 5.67million tons, of which South African’s accounted for 51%.

According to the relative statistics, Indian FeCr imports to China presented a rising trend in recent years, while the rising rate has large difference. In 2011, the total FeCr imports reached 191thousand tons, 2012was 194thousand tons and 2013 was 270thousand...

Exports of Chinese Cr metal surged to 1,080 mt, registering quadruple increase form last month. Surges occurred in exports to Japan, US and South Korea in May 2014. The reason was top exporter of Cr Metal-Russia greatly reduced exports due to political issue a...