This is the basis for the more positive economic picture we forecasted in our 2021 Short Range Outlook (SRO), where steel demand is expected to recover to 1,795 Mt, an increase of 4.1 % over 2020.
China’s share of Ferrochrome imports used to be much greater, but Chinese local Ferrochrome production has continued to grow whilst South African production continues to fall because of rapid increases in the price and unreliable nature of electricity supply...