|
|
| |
|
|
Weak Global Demand for Stainless Steel Pressuring Ferrochrome Prices-The 21st China(Guangzhou)Int'l Stainless Steel Industry Exhibition
3/2/2020 - Stainless Steel Exhibition |
--------------------------------------------------------------------------------------------------------------- |
|
South African Ferrochrome producer Merafe Resources recently said the European benchmark ferrochrome price will decrease by 1% in the first quarter of 2020 to USD 1.01 a pound. In the fourth quarter of 2019, price of ferrochrome stood at USD 1.02 per pound. While the new settled price only reflects a 1 US cent decrease, it is now at 2016 lows. In 2019, the European benchmark ferrochrome price declined by 17.8%. The fall was largely driven by weak global demand for stainless steel.
South Africa is the dominant player in the global industry, accounting for about 72% of the world''s chrome reserves. According to Merafe Resources, the industry employs about 200 000 people in SA, directly and indirectly through linked industries. Merafe holds a 20.5% interest in the Glencore-Merafe Chrome Venture that operates several ferrochrome plants. The weak demand was partly responsible for the 29% decrease in ferrochrome production by the Glencore-Merafe Chrome Venture for the third quarter of 2019
不銹鋼展-2020第二十一屆廣州國際不銹鋼工業(yè)展-效果最好的不銹鋼展會-The 21st China(Guangzhou)Int''l Stainless Steel Industry Exhibition
- Stainless Steel exhibition,2020 Stainless Steel exhibition, China Stainless Steel exhibition, Guangzhou Stainless Steel expo,Guangzhou Stainless Steel exhibition, 2020 Stainless Steel expo, China Stainless Steel expo
|
|
|
|
|
