MYSTEEL: Firm costs to stabilize China's FeCr prices in August

The recent slide in China's market for high-carbon ferrochrome (FeCr) is expected to end this month, primarily due to the steady price of imported chrome concentrate, a crucial raw material for FeCr smelting, according to a Wuxi-based analyst. However, an oversupply of FeCr in China's domestic market continues to pose a risk to market fundamentals.

As of August 9, the price of high-carbon FeCr with 55% Cr content in North China's Inner Mongolia, a key benchmark for the domestic market, had dropped to Yuan 8,700/tonne ($1,211/t) (50% Cr), ex-works and including tax – a decline of Yuan 200/tonne from the previous month. The recent decrease