MYSTEEL: China's FeCr output surges 15% MoM in April on rising bids

China's output of high-carbon ferrochrome (FeCr) surged by 15.3% month-on-month to reach 698,200 tonnes in April, hitting a five-month high, according to Mysteel's latest survey that covers 95% of domestic capacity.

The increase was largely driven by rising bid prices from major stainless steel producers, which bolstered market sentiment and revived the production enthusiasm of smelters. However, concerns are emerging that the sharp rise in FeCr supply could outpace growth in demand, potentially weakening market fundamentals once again. Domestic FeCr producers have