Turkish chrome ore ‘bloodbath’ as China consumes less

The Turkish chrome ore market has become a “bloodbath” as suppliers undercut each other to secure scarce demand from China, where high grade ore has fallen out of favour.

Metal Bulletin’s (40-42%) Turkish lump price fell to $210-220 per tonne, down from $215-220 per tonne on May 8 and $215-225 on May 1. 
Chinese consumers – who use the ore to produce ferro-chrome – have been producing lower grade alloy over the past few years and have changed their ore feed accordingly, leaving them less reliant on Turkey’s expensive, high grade chrome ore, sources said.

By comparison, South African UG2 chrome ore is trading at $156-161 per tonne, up $1 per tonne week-on-week...

Published

Janie Davies

May 15, 2015

16:42 GMT

London