According to a preliminary survey of the world production of ferrochrome in the first half of 2009 compiled and released in last week by International Chrome Development Association, being influenced by a substantial reduction in production of stainless steel and a considerable measure for adjustment of ferrochrome stocks implemented by steel mills, the world production of ferrochrome in the first half of 2009 decreased by 45.5% as a whole in comparison with that in the same period of 2008.
Also, the world production of ferrochrome in the first quarter of 2009 had a large decrease of 57.3% compared to that in the same quarter of 2008.
The quantities on material base of ferrochrome produced in the world for the first half of 2009 were low carbon ferrochrome: 120,430 tonnes, medium carbon ferrochrome: 77,394 tonnes, high carbon ferrochrome: 2,267,504 tonnes, silicochrome: 40,235 tonnes and total: 2,505,563 tonnes.
In comparison with the quantities of ferrochrome produced in the world for the first half of 2008, those produced for the same period of 2009 were low carbon ferrochrome: decreased by 43.3%, medium carbon ferrochrome: decreased by 48.5%, high carbon ferrochrome: decreased by 44.6%, silicochrome: decreased by 72% and total: decreased by 45.5%.
According to the recent investigations by analysts and South African producers, the world output of crude stainless steel in the calendar year of 2009 is estimated to be 24.20 million tonnes by a decrease of 8.4% from that of 26.40 million tonnes produced in the preceding year of 2008, because China is expected to produce 8.00 million tonnes of crude stainless steel in 2009 as compared to 6.94 million tonnes produced in 2008.
Source: Steel Guru
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