ChangXing Ferroalloy Resources Co., Ltd

EU banned chrome-plated material

The European Union has proposed plansto ban chrome-plated materials from 2024 for health reasons because they relese toxic substances during productionCurrent technologies in this field cannot completely elnate environmental pollution and are not safe for public healthChrome plating is widely used in the production of panels for the automotive and construction industries

EUROFER:EU power reforms may notsolve high electricity prices

The European Parliament's ndustry, Research and EnerqyCommittee (ITRE) has approved reforms to the EU electricity market design. But the European lron and Steel Associatio(EUROFER) said the measure did not address the most critical issue - high electricity prices, which slowed decarbonizatioand made European industry less competitive.

UG2/MG chrome ore price firm

Fastmarketsweeklyalculation of its chrome ore South African UG2/MG concentrate index (CIF China) was $285 per tonne on July 25, and it.weekly assessment of Turkish lumpy chrome ore was 40- 42%, CFR major ports in China, unchanged at USS300-315 perton since july 18. The atest monthlv ferrochrome tender price. set by maior Chinese stainless steelmaker Tsinashan. ofteeen as a bellwether for the upstream and downstream chrome market, wasannouncedon July 25 at 8.695 vuan ($1.218)a tone

Ferro-silicon confidence returns amid positive policies, demand remains poor

The Chinese ferro-silicon market regained some confidence thiveek following positive signals from the Political Bureau of the CPC Central Committee meeting. Yet, the spot marketemained weak amid poor downstream demand, sources said. export price of ferrosilicon 75%min 10-50mm is US$1310/t ex-duty FOB China

China's industrial stimulus plans to boost steel prices

There are twoimportant pieces ofne's steelmarket.First some important steelmills havereceived government production restriction orders, and this year's crude steel output should not be higher than that in2022.Second.the central aoverment willoptimstate policy to promote the stable and healthy developmenof real estate. The industrial stimulus plan launched by the Chinese government has driven up the domestic market andthe export price of stainless steel plates. At the same time, it also led to the rise of steel prices in China and Asia