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US chrome demand up on low-carbon FeCr

03 May 2018 22:31 (+01:00 GMT)
US chrome demand up on low-carbon FeCr

New York, 3 May (Argus) — US consumption of chrome by content increased by 1pc in February from a year earlier amid greater low-carbon ferro-chrome volumes.

The US consumed 19,600t of chrome by content in February, up from 19,400t a year earlier, according to the US Geological Survey.

Production of stainless steel in the US was down by 3.5pc to 220,000t from the prior year, according to the American Iron and Steel Institute.

Imports of all ferro-chrome grades for consumption fell by 45pc to 24,600t by content in February. High-carbon ferro-chrome imports declined by 55pc to 18,600t. Meanwhile, low-carbon ferro-chrome imports increased to 5,950t from 3,050t.

Falling imports of South African high-carbon ferro-chrome were primarily responsible for the decline in February. Imports from the country shrank by 61pc to 13,200t by content. The US imported 2,380t from Kazakhstan, down from 7,150t a year earlier

Demand was mixed across end markets in the month from a year prior. Consumption for stainless steel production fell to 29,800t from 30,100t, while unspecified steel demand was unchanged at 2,720t. In addition, consumption for carbon and high-strength low-alloy steels increased in the prior.

Consumer stocks of chrome metal and alloys grew by 2.5pc to 6,070t at the end of February from a year earlier.

US exports of chrome ore climbed by 47pc to 418t from year earlier.

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