March: Minor Decline in High Carbon Ferrochrome Production Costs
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March witnesses a minor decline in high-carbon Ferrochrome production costs

April 23, 2023    

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March: Minor Decline in High Carbon Ferrochrome Production Costs

In March, the production costs of high-carbon ferrochrome experienced a slight decline. By mid-April, the real-time costs of raw materials in Inner Mongolia had dropped to 8,929 yuan/mt (Cr50%), which is down 198 yuan/mt (Cr50%) or 2% on a monthly basis.

Although power tariffs in south China remained relatively stable, those in western Mongolia decreased to 0.45 yuan/kWh. Despite the decrease in high-carbon ferrochrome prices being greater than the cost reduction, producers were still operating at a loss.

(Source: Shanghai Metals Market)


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