Research and Markets: Ferro-chrome Prices Recover as Stainless Steel Production Increases

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Research and Markets: Ferro-chrome Prices Recover as Stainless Steel Production Increases

		Research and Markets logo. (PRNewsFoto) LONDON XEN

    DUBLIN, Ireland, May 20 /PRNewswire/ -- Research and Markets
(http://www.researchandmarkets.com/reports/c17806 ) has announced the addition
of The Economics of Chromium to their offering.
     (Logo:  http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH )
    The combination of strong demand, tight supply and sharp rises in the
costs of freight, energy and chromite raw materials, meant ferro-chrome prices
reached their highest levels for ten years in early 2005, at UScents72-74/lb.
This represents a significant recovery from early 2002 when prices of
UScents27-29lb were at their lowest level for 30 years and some 1.3Mtpy ferro-
chrome capacity was idled. Recovery in the ferro-chrome market was primarily
due to growth in stainless steel production, which is forecast to maintain
strong growth through the mid-2000s, led by Asian demand. Chinese output is
estimated to rise from 1.8Mt in 2003 to at least 6Mt in 2008, with growth
concentrated in the next two to three years. However, recent high prices and
expectations of continued growth in demand have encouraged plans for
significant capacity expansion.
    Commissioning of all proposed capacity would result in the ferro-chrome
market moving into surplus until the end of the decade, exerting downward
pressure on prices. The cyclical nature of the ferro-chrome market has
resulted in a high degree of vertical integration between chromite mining and
ferro-chrome production, and concentration of production among relatively few
countries and producers. The increasing vertical integration has put severe
pressure on non-integrated producers in times of low ferro-chrome prices.
    'The Economics of Chromium' analyses the key trends, issues and
developments in the market. It provides a clear insight into all areas of the
industry and an authoritative analysis of the prospects for the future.

     Companies mentioned in the report include:
     - Allican Resources
     - Resources Minieres Pro-Or
     - Balasore Alloys
     - Ferro Alloys Corp
     - GMR Technologies & Industries
     - ICCL
     - IMFA
     - Ispat Alloys
     - Jindal Steel and Power
     - Jindal Strips
     - Misrilall Mines
     - Mysore Minerals
     - Nava Bharat Ferro Alloys
     - OMC
     - Shah Alloys
     - Sharp Ferro Alloys
     - Srinivasa Ferro Alloys
     - TISCO
     - JFE Material
     - JMC
     - Mitsubishi
     - Nippon Denko
     - Shunan Denko
     - Klyuchevsky Ferroalloys Plant
     - Polema
     - Tulachermet
     - Aquarius Platinum
     - ASA Metals
     - Assmang
     - Bafokeng Chrome Holdings
     - Chrome Corporation
     - Hernic Ferrochrome
     - International Ferro-Metals
     - Marico Chrome
     - National Manganese Mines
     - Rustenburg Chrome Mine
     - Rustenburg Minerals Development
     - Samancor Chrome
     - Xstrata - SA Chrome Venture
     - Bilfer Madencilik
     - Dedeman Madencilik
     - Eti Elektrometalurji
     - Hayri Ogelman Mining
     - Pinarbasi Madencilik
     - Turk Maadin Sirketi
     - Maranatha Ferrochrome
     - Zimasco
     - Zimbabwe Alloys

    For more information visit
http://www.researchandmarkets.com/reports/c17806

     Laura Wood
     Senior Manager
     Research and Markets
     press@researchandmarkets.com
     Fax: +353 1 4100 980

SOURCE Research and Markets

http://www.researchandmarkets.com/reports/c17806
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CONTACT:
Laura Wood, Senior Manager of Research and
Markets, press@researchandmarkets.com , or fax, +353-1-4100-980