India Balasore Alloys suspends production of chromium products indefinitely

Power rationing in Sichuan makes high chromium even more tense.

On January 23, Fengzhen City issued a new notice on dual-control policy of energy consumption.

Indian Metals & Ferro Alloys Limited: Ratings reaffirmed; outlook revised to Stable.

China’s share of Ferrochrome imports used to be much greater, but Chinese local Ferrochrome production has continued to grow whilst South African production continues to fall because of rapid increases in the price and unreliable nature of electricity supply...

The benchmark price of ferrochrome in Europe in the first quarter of 2021 was set at US $1.175/pound, up 3.1% from the fourth quarter of this year.

The South African Rand was flat in early trading on Wednesday, breathing after rebounding from a weaker dollar the previous day.

Indian ferrochrome prices leapt again this week by INR 2,000/t owing to a severe supply crunch.