China’s ferroalloy markets remain strong

摘要

Prices across China’s ferro-alloy markets - including ferrochrome, silico-manganese, ferro-manganese and ferrosilicon - continued their upward momentum in the week ended Friday July 30, supported by supply tightness while major producing regions are affected by electricity restrictions. Spot ferro-chrome prices led the rally among ferro-alloy products with a week-on-week gain of 11% after major stainless steel mills raised their August tender prices by 2,400 yuan ($371) per tonne from the previous month, to a level not seen in the past 13 years.