The ferrochrome and chrome ore markets are facing a period of stagnation due to weakened end-use demand in the stainless steel sector. High production levels and a seasonal dip in consumption have led to record inventory levels at Chinese ports, putting downward pressure on prices. In South Africa, new preferential electricity pricing for the ferrochrome industry is expected to accelerate production resumptions. This shift is likely to increase exports to China, further tightening the supply balance and impacting global pricing for these essential industrial metals.
