High Carbon Ferrochrome Trade
High carbon ferrochrome (HCFeCr) is an alloy of iron, chromium and other elements which is used in the production of stainless steel and other alloy products. It is one of the most important raw materials for the global steel industry, and its price and supply have a significant impact on the cost of production of finished steel products.
High carbon ferrochrome is mainly traded on the international markets through imports and exports. Countries such as China, India, Japan, South Korea, Vietnam, and USA are some of the major exporters of this alloy. Countries such as Russia, Ukraine, Brazil, and Thailand are some of the major importers. In terms of market share, China accounts for the largest share of exports, followed by India and then Japan. The United States is one of the major importers of high carbon ferrochrome from these countries.
In the year 2019, the global exports of high carbon ferrochrome totaled 5.3 million metric tons, which was a significant increase from the previous year’s total of 2.8 million metric tons. China was the largest exporter of the alloy, with a total export of 3.9 million metric tons. India was the next largest exporter, with a total of 639 thousand metric tons. Japan was the third largest exporter, with a total of 576 thousand metric tons.
The global imports of high carbon ferrochrome also increased significantly in 2019, reaching 3.2 million metric tons. Russia was the largest importer, with a total of 1.6 million metric tons. Ukraine was the second largest importer, with a total of 454 thousand metric tons. Brazil and Thailand were the other major importers, with a total of 384 thousand metric tons and 224 thousand metric tons, respectively.
The import-export trade of high carbon ferrochrome is expected to continue growing at a steady rate over the coming years, due to the increasing demand from the global steel industry, as it is an important component in the production of steel products. The increasing economic and industrial activities in the countries mentioned above also contributes to the growth in the import-export trade of this alloy.
In conclusion, the import-export trade of high carbon ferrochrome has seen a significant increase in the recent years. China, India, Japan and South Korea are the major exporters, while Russia, Ukraine, Brazil and Thailand are the major importers. With the continuing increases in the demand from the global steel industry, the import-export trade of high carbon ferrochrome is expected to grow at a steady rate in the coming years.
