MYSTEEL: China's FeCr output rises further in May

China's production of high-carbon ferrochrome (FeCr) rose further in May, climbing 4.23% month-on-month to 727,700 tonnes, according to Mysteel's latest survey of domestic FeCr smelters that covers about 95% of the country's total smelting capacity.

The production increase was largely driven by resumed operations among smelters in South China, where the onset of the wet season brought a notable decline in hydroelectric power costs. For example, electricity prices for ferroalloy smelting in South China's Shaanxi province had dropped to Yuan 0.455/kWh as of May