CONF: China FeCr prices to face downward pressure in Q1
Dec 04, 2020 20:00
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Prices of ferrochrome (FeCr) in China may face downward pressure next year, at least in the first quarter, with high volumes of FeCr flowing into China and expansions to smelting capacity in North China’s Inner Mongolia region taking shape, according to Zhang Junhong, a senior analyst on China’s chrome industry.
Speaking on December 3 at the 2021 Mysteel Ni-Cr-Stainless Steel-New Energy Annual Conference in Wuxi, East China’s Jiangsu province, Zhang said that large volumes of FeCr will continue to flow into China in Q1 2021 should the pandemic still raging abroad see shipments destined for other countries redirected to China.