Weekly Report of Chromium Market (2.1-2.5): electricity price increase in Inner Mongolia is good for ferrochrome and chrome ore prices.

Under the action of many factors, the short-term rebar price is easy to fall but difficult to rise.

Nippon Steel today revised up its projected crude steel output to 33.2mn t for the April 2020-March 2021 fiscal year from an earlier forecast 32.7mn t.

China imported 3.57mn t of coking coal last month, down by 4pc from 3.72mn t in November but up by 110pc from December 2019.

The 2105 ferrosilicon contract price on ZCE closed at 6740 yuan per ton on February 5.

As for the trend after the festival, many of the industry participants is optimistic, waiting for the market to further clarify.

The 2105 ferrosilicon contract price on ZCE closed at 7000 yuan per ton on February 4.

China imported 3.57mn t of coking coal last month, down by 4pc from 3.72mn t in November but up by 110pc from December 2019.