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the ferrochromium market continued to operate firmly and steadily

Date: 05-09-2023
One of the main applications of ferrochrome is in the production of stainless steel, which is used for a wide range of products, from kitchen utensils to surgical instruments. Ferrochrome is typically added to the steel in small amounts, but it greatly enhances its corrosion resistance, strength, and durability.

Ferrochrome is also used in the production of other alloys and specialty steels. For example, it is used to make high-strength low-alloy (HSLA) steel, which is used in the construction of bridges, buildings, and other infrastructure. It is also used in the production of tool and die steels, which are used in the manufacturing of molds, cutting tools, and other industrial applications.

In addition to its use in the steel industry, ferrochrome has other applications. For example, it is used in the production of superalloys, which are used in high temperature applications such as jet engines, gas turbines, and industrial furnaces. It is also used in the production of pigments and dyes, which are used in the production of paints, plastics, and other products.

Returning to the market at the beginning of the week, the high-carbon ferrochrome market continued to operate firmly and steadily. At present, driven by the cost of chrome ore prices, the confidence in the industry is still good, and the factory quotations continue to rise), but there is a large gap between the purchase price and the market quotation, and the seller is not strong in selling at low prices because of the high cost. At the same time, the spot stock is relatively tight, and most of them are based on ordering. In the short term, cost is still one of the important driving forces to support prices, and it is expected that the high-carbon ferrochrome market will continue to operate steadily and moderately.

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