Recently, ferrochromium market is gloomy, with price dropping down again and again. The market demand is weak, and manufacturers are facing higher pressure.

It’s learned that the drop of international nickel price make the stainless steel price move down again and again, and the market is weak. The steel mills reduce production to keep the price and reduce purchase for high-carbon ferrochromium. A lot of stainless steel factories are maintaining and inspecting instruments, which also reduce ferrochromium consumption. In addition, preferential electricity prices were canceled in some areas under the pressure of government’s policy, causing the production cost move up, so some ferrochromium manufacturers reduce or stop production.

 Market participants are not confident to the ferrochromium aftermarket because of above unfavorable factors, so most people think it’s hard for the market to rebound in short time.