GACC: China's ferrochrome imports fall 10% MoM in May

China's imports of high-carbon ferrochrome (HC FeCr) fell to 131,021 tonnes in May, down 9.7% month-on-month and 15.6% year-on-year, according to data released by the General Administration of Customs of China (GACC).

The sharp declines primarily stemmed from a slump in South African supplies. Imports from South Africa plunged to just 9,995 tonnes last month, remaining at an extremely low level, the GACC data show. Since early last year, South African FeCr smelters – including those of the Glencore-Merafe Chrome Venture, one of