icda-chromium-2012-s..
icda-chromium-2012-s..
icda-chromium-2012-s..
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Recent developments: Supply<br />
• Chinese supply of HC/Ch FeCr has surged over the last two years – if anything,<br />
the Chinese market has become structurally oversupplied (Third quarter <strong>2012</strong>:<br />
estimate)<br />
3 000 000<br />
Quarterly Chinese HC/Ch FeCr output has consistently<br />
increased since 2010<br />
Rest of the world<br />
45%<br />
Chinese output as a % share of world output<br />
2 500 000<br />
Chinese HC/Ch output<br />
40%<br />
35%<br />
2 000 000<br />
30%<br />
25%<br />
tonnes<br />
1 500 000<br />
20%<br />
1 000 000<br />
15%<br />
10%<br />
500 000<br />
5%<br />
0<br />
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12<br />
Source: ICDA<br />
0%<br />
Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12<br />
Source: ICDA
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