25
Aug
12:55
Glencore sees 8% ferrochrome output rise in 2016
Glencore expects to produce 1.58 million tonnes of ferrochrome in 2016, up from 1.46mt confirmed in 2015. This follows 1% on-year ferrochrome output growth in the first half of 2016 to 762,000t, Kallanish learns from the commodities trading and mining group.
Weakness in stainless steel demand and raw material inventory destocking at the beginning of H1 resulted in spot ferrochrome prices dropping to their lowest levels since 2009, Glencore says. A subsequent ris…
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Anonymous
Very good overview of the weekly steel market.
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