MYSTEEL: China ferrochrome prices to strengthen in short term

Ferrochrome prices in China's domestic spot market have been relatively stable over the past month. Mysteel's assessment on September 15 showed that the price of 55% high-carbon FeCr in Inner Mongolia, the key reference price in the domestic FeCr market, stood at Yuan 7,925/tonne ($1,181/t), 50Cr, ex-works including VAT, flat from a month ago.

Prices of the ferroalloy are expected to hold steady before rising in the second half of September, market watchers say. Cost support, pre-holiday restocking by stainless mills and expectations of output declines in the upcoming dry season across several regions are the reasons they cite. On the cost side, higher