MYSTEEL: Stronger feed prices to lift China's FeCr prices in February

After steadily declining for more than six months, China's ferrochrome (FeCr) market is showing signs of improvement following the end of the Chinese New Year (CNY) holiday last week. The rebound marks a change after the prolonged period of pressure, with global chrome ore traders leading the price hikes, sources noted.

On February 12, Mysteel assessed the spot price of high-carbon FeCr with 55% chromium content in North China's Inner Mongolia at Yuan 7,500/tonne ($1,028.9/t) EXW, including tax, higher by a sizeable Yuan 400/t from just one month earlier. The sharp rise in FeCr prices has largely been driven by stronger