Steel News

We strive to let you one step ahead of the market.

China's ferrochrome oversupply due to low demand

11 Apr 2023 16:10 reported by Isora

A A A
Due to less demand shown by downstream users, China's ferrochrome production capacity faces oversupply, causing the fundamental support to become weak.

Since there are a few deals closed in the market, local mills in the southern region decided to concentratively reduce or even suspend their production. According to statistics, about 11 mills have recently suspended their production, while the total production of April is estimated to go down by 80,000 tons.

As downstream consumption recovered slowly in March, mills also experienced certain pressure. In addition, market news reveals that China now receives 40% fewer stainless steel export orders than before, another phenomenon that proves the generally weak demand.

Back to Steel News

Related News

Macro Metals secures Western Australia’s iron ore project contract

  • Raw Materials
  • 24 Apr 2025 16:16

Genmin partners with Sinohydro to develop Gabon’s Baniaka iron ore project

  • Raw Materials
  • 24 Apr 2025 16:01

Iron ore price reaches $100/ton level after US-China trade war cools down

  • Raw Materials
  • 24 Apr 2025 15:19

MOIL plans to diversify into iron ore mining in Maharashtra

  • Raw Materials
  • 24 Apr 2025 15:06

Russia’s Nornickel maintains 2025 nickel output target despite Q1 drop

  • Raw Materials
  • 24 Apr 2025 14:52

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,635.00
  • 2,670.00
  • Aluminum
  • 2,409.50
  • 2,441.50
  • Copper
  • 9,410.00
  • 9,415.00
  • Nickel
  • 15,600.00
  • 15,775.00

Learn more

Coil Exchange Center

Learn more