On February 23, Ulanqab, Inner Mongolia, issued a letter on the estimated power consumption of high energy consuming enterprises in March 2021.

In recent months, shipping costs from China to Europe have quadrupled due to tight shipping space.

According to relevant reports, the Asian steel market has been talking about the possibility of China cutting the steel export tax rebate from the current 13% to 9%, or abolishing it altogether.

China's central position in Global trade has been further strengthened in 2020. Although the epidemic has more or less affected the supply chain, China's major container hub ports continue to achieve record volume growth.

Since the beginning of this year, the price of high carbon ferrochrome in Europe has risen steadily and has reached the highest level since November 2018.

EU ferrochrome hits a two-year high and is still on an upward trend

The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore Alloys CEO Japie Fullard said during this week’s Glencore media conference.

This week, the price of chromium continued to be high.