Recently, influenced by the weakness of nickel market, stainless steel market is in doldrums, and chromium alloys are also hampered by the weakening state.

    A while ago, as the debt crisis in Europe made London nickel prices drop significantly, stainless steel witness a weak market, with price dropping sharply. Especially stainless steel  300# decreases 1,000 yuan / ton. Because the stainless steel market downturn, domestic ferrochrome prices has also been influenced with dropping price, gloomy transaction and weak demand. High Carbon Ferrochrome mainstream market price 9600-10200 yuan / mt earlier this month, which gradually declined to current 9200-9700 yuan / mt, decreasing by 300-400 yuan / mt.

Some business men believe that supported by high production cost and strong international price, chromium alloy aftermarket may be optimistic. While given the current downturn of London Nickel market and weak stainless steel market Chrome alloy aftermarket seems not to be optimistic.