SHANGHAI Chinas ferroalloys output averaged 94,071 tonnes per day in February, up 18.2 percent from 79,613 tonnes in January, as smelters increased production on rising alloy prices.
Output for the month stood at 2.63 million tonnes, up 13.5 percent year on year, according to National Bureau of Statistics (NBS) data released March 12.
"Prices of ferrochrome, ferrosilicon and silicomanganese all recovered from late last year, especially ferrochrome, which largely boosted smelters production," an analyst from Beijing said.
Output is expected to remain around 2.6 million to 2.7 million tonnes in March, the analyst said, but added that some decline might be seen beyond that after producers cut output due to current falling prices.
A version of this article was first published by AMM sister publication Metal Bulletin.