South Korea's imports of high carbon ferrochrome increased by 10% in Jan-Feb 2023
According to the information received by Hainan West Asia in April 2023, South Korea imported about 41,829 tons of high carbon ferrochrome, South Korean steel mills began to forge a large number of stainless steell, the demand for high carbon ferrochrome surge.
At present, Indian traders feedback India high carbon ferrochrome (60% Cr 8%C) 0.95-1.01/Cr cif TianJin, high carbon ferrochrome price stable operation. However, in the latter half of the year, the market enquiries and transactions are not as dense as in the first ten days. As a result, iron prices rose more slowly than before. However, under the strong support of the cost, the current industry for the next round of bidding prices generally have good expectations.
For more information, please contact Hainan West Asia Import and Export Group Co., LTD