Ferrochrome Prices Pressured by Production Decline
Global chrome ore departures rose, but high‑carbon ferrochrome production fell in October, tightening supply. Prices remain under pressure, reflecting weak stainless steel demand and smelter losses.
Ferrochrome Price Trend Analysis 2026: Historical Prices, Market Insights, Latest News, Supply Demand Analysis & Price Drivers
Written ByPragati Agarwal
Ferrochrome Latest Development
Ferrochrome Prices Edge Down Amid Weak Demand
Retail quotations for high‑carbon ferrochrome in Inner Mongolia and Sichuan slipped as steel mill procurement prices fell, prompting producers to offer concessions. The market remains subdued, with limited transactions and a wait‑and‑see sentiment.
Ferrochrome Latest Prices August 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ferrochrome | China | CIF | USD 1,902.00/MT | August 2026 |
| Ferrochrome | Netherlands | DDP | USD 4,719.00/MT | August 2026 |
| Ferrochrome | USA | DDP | USD 2,269.00/MT | August 2026 |
| Ferrochrome | China | EXW | USD 1,188.00/MT | August 2026 |
| Ferrochrome | China | CIF | USD 1,913.00/MT | July 2026 |
| Ferrochrome | Netherlands | DDP | USD 4,638.00/MT | July 2026 |
| Ferrochrome | USA | DDP | USD 2,236.00/MT | July 2026 |
| Ferrochrome | China | EXW | USD 1,185.00/MT | July 2026 |
Stay updated with the latest Ferrochrome prices, historical data, and tailored regional analysis
Ferrochrome Price Trend H1 2026
- Ferrochrome markets showed mixed but generally firm conditions during H1’26, as constrained South African smelting output and elevated chrome ore costs offset expanding Chinese production.
- Smelter suspensions and high electricity costs constrained South African output, although tariff relief during the period improved prospects for restarting additional capacity.
- Stainless steel production supported ferrochrome consumption, although uneven manufacturing activity across regions kept procurement cautious.
Ferrochrome markets underwent considerable structural shifts during H1 2026 as South African smelting output remained constrained while Chinese capacity expanded. Merafe's attributable ferrochrome production fell by 75% year-on-year to approximately 28,000 MT during the first half, primarily due to the continued suspension of the Wonderkop and Boshoek smelters. Lion resumed production toward the end of February following electricity tariff relief, but overall production remained substantially below the previous year.
China's ferrochrome production expanded significantly during the first half, with Merafe reporting year-on-year growth of 32%, substantially outpacing global production growth. China's expanding lower-cost smelting capacity continued to offset part of the supply deficit created by South African curtailments. Chrome ore prices also strengthened through Q1 as supply and cost pressures supported ferrochrome production economics before conditions became more balanced during Q2.
Analyst Insight
According to Procurement Resource, ferrochrome prices are expected to remain firm but regionally divergent, with constrained South African smelting capacity and chrome ore costs providing support, while expanding Chinese production and uneven stainless steel demand limit broader gains.
Need Latest Ferrochrome Prices?
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Our Clients
Procurement Resource Database
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
About Ferrochrome
Ferrochrome is an iron-chromium alloy produced in several grades, mainly high-carbon, medium-carbon, and low-carbon ferrochrome. Chromium content varies by grade, so the material does not have a fixed chemical formula or molecular weight. Ferrochrome is a major raw material for stainless steel production because chromium improves corrosion resistance, hardness, and oxidation resistance. Commercial ferrochrome is supplied as lumps, crushed material, fines, or granules depending on steelmaking and foundry requirements.
Ferrochrome Product Detail
HS Code
7202
CAS Number
11114-46-8
Supplier Database
Glencore PLC, Eurasian Resources Group, Outokumpu Oyj, Samancor Chrome Limited, Tata Steel Limited, Indian Metals & Ferro Alloys Limited, YILDIRIM Group, Ferbasa, Balasore Alloys Limited, Afarak Group SE
Synonyms
Ferrochromium, carbon ferrochromium, chrome ferroalloy, chromium ferroalloy
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
Ferrochrome Production by Submerged Arc Furnace Smelting : Ferrochrome is generally produced by smelting chromite ore with carbonaceous reductants in a submerged electric arc furnace. Chrome ore, coke or another carbon reductant, and fluxes are proportioned and charged into the furnace, where high temperatures reduce chromium and iron oxides. Molten ferrochrome separates from the slag and is tapped from the furnace. The alloy is then cooled, crushed, screened, and sized.
Industrial Uses
Ferrochrome is primarily consumed by stainless steel producers as the main source of chromium in the melt. It is also used in alloy and special steels that require greater hardness, wear resistance, heat resistance, or corrosion protection. Foundries use ferrochrome in chromium-bearing cast irons and steel castings, while selected grades are used in welding consumables and metallurgical additions. Carbon level is selected according to the chemistry required in the finished steel or alloy.
Our Price Analysis Methodology
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
Schedule A Demo
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply–demand dynamics and capacity-driven market analysis
Why Procurement Database
Commodity Market Intelligence
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Price Forecasts & Market Outlooks
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Cost & Procurement Optimization
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Global & Regional Market Insights
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
1/4