This apparent contradiction had led to growing concerns
among China’s ferrochrome smelters, which have
been facing squeezed margins. By our understanding, some of
China’s ferrochrome smelters have been
contemplating closure or a switch in product mix (i.e. using
their furnaces to produce other ferroalloys) given their
predicament.
They will have been pleased then that recent weeks have seen
this apparently unsustainable trend come to a halt, or at least
a slowdown. Chrome ore prices have continued to rise but
finally so too have ferrochrome prices.
Nevertheless, China’s...
