Stainless steel has reached a new high, will ferrochrome continue to rise

In September, the supply and demand of ferrochrome still showed a tight balance, supported by high costs, and dominated by bullish fundamentals. The probability of a short-term turning point in the market is small, and spot prices remain strong. At present, there is a small hoard of stainless steel, and the price of stainless steel is operating under pressure due to lower than expected consumption. It is necessary to be vigilant that steel mills reduce production due to poor profits, which in turn leads to a decline in demand for ferrochrome and a reversal in ferrochrome prices.