Global

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  • Service: Advisory
  • Type: Business and industry issue
  • Date: 7/12/2013

Chromite Q3 2013 – July 2013 

Chrome ore witnessed challenging market conditions in 2012, especially during 2H12.
Chromite Q3 2013 – July 2013
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There was a fall in ferrochrome prices due to renewed concerns over European debt, general global economic weakness, weaker stainless steel demand and lack of producer discipline in South Africa. Global demand for chromite is primarily driven by ferrochrome demand which is used for production of metal alloys.


As per consensus price estimates, the yearly average prices for chrome ore and ferrochrome are expected to increase to US$219/t and 120 cents/lb, respectively, during 2013.2 The prices are expected to further increase in 2014 and then remain steady till 2016.

 

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