In Aug., the FeCr benchmark price was further cut down by RMB50/mt for large supply. And the suppliers had already reduced their ex-works price.

This week both the spot and futures of Cr ores kept stable and the stock at Chinese main ports maintained low level. Affected by the high FeCr operating rate in North areas,

n July, supported by the rising cost of Cr ores and the decreasing supply, South African and Indian exporters tried to improve FeCr price. However, until end of July,

The European ferrochrome benchmark in quarter 3, 2014 was settled at USD1.19/1b, decreasing by 2.5% month on month while rising by 5.7% year on year.

According to the latest statistics，in the first half year of 2014, China imported 1.12 million tons FeCr, which increased by 38.7% compared with that of last year, of which South African FeCr rose by 75.8%

At the end of July, the low carbon ferrochrome price declined by RMB100-200/mt, as the downstream demand was weak.

t the end of July, the high carbon FeCr production was stable. Due to the poor market condition, the recovered capacity was not obvious, while the total supply was adequate.

The company's pricing strategy is closely watched by Asian rivals such as POSCO, Hyundai Steel Co and Baosteel, which aim to boost exports to Japan.