MYSTEEL: Oversupply continues to weigh on China's FeCr market in '25

China's ferrochrome (FeCr) market faced persistent downward pressure throughout 2024, a consequence of the significant oversupply caused by surging production and tepid demand from stainless steel manufacturers. This oversupply trend is likely to extend into 2025, Mysteel warns in its annual FeCr market report published on January 9, even as production growth is expected to moderate.

In 2024, China's total FeCr production reached an estimated 9.5 million tonnes, comprising 8.82 million tonnes of high-carbon FeCr and 673,900 tonnes of low/minor-carbon FeCr, equating to 4.81 million tonnes of chrome metal contained. Additionally, China's FeCr imports rose notably in 2024, with high-carbon FeCr imports from Kazakhstan serving as