Ferrochrome market facing oversupply in 2014: Roskill
Jan 28, 2014 | 12:47 PM
| Daniel Fitzgerald
NEW YORK Global ferrochrome supply could exceed demand by 700,000 tonnes in 2014 as planned production capacity expansions come online, according to a report by Roskill Information Services Ltd.
Global ferrochrome consumption was estimated at 10.3 million tonnes in 2013, up from 9.8 million tonnes in 2012. Consumption has now increased by 5 percent annually over the past five years.
"Similar growth is forecast through 2018, slightly outpacing the rise in stainless steel production due to the shift toward steels with higher chromium content and marginally lower scrap ratios. China will continue to drive growth in demand, increasing its share of the world market from 46 percent to around 53 percent over the next five years," Roskill said.....
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