14
Mar
11:05
Weak China demand curtails Oman Chromite shipments
Oman Chromite (OC)’s sales of chrome ore declined -13% on-year in 2015 to 21,270 tonnes due to weaker demand in its main market of China. This was caused by China’s slowing economic growth and its increasing replacement of chromite imports with those of ferrochrome. The domestic market accounted for 47% of sales.
Production was down -12% to 22,020t in 2015 due to limited output at the Al Wasit mine which has a high production cost.
The company is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous