- In October 2024, Fastmarkets introduced a new pricing mechanism for green ferrochrome in China. This initiative reflects the country's commitment to decarbonization and the growing demand for environmentally friendly production methods. The green ferrochrome prices are assessed weekly, providing transparency and supporting the industry's shift towards sustainable practices.
Frequently Asked Questions
Rising demand for stainless steel, is emerging as a pivotal trend driving the global Ferrochrome market.
The major factors driving the growth of the Ferrochrome market are High usage of ferrochrome in stainless steel industry and Rising demand of ferrochrome construction and building industry
The primary challenges include availability of substitutes
The high carbon ferrochrome segment is expected to dominate the global ferrochrome market in 2025.
North America is expected to be the fastest developing region during the forecast period of 2025-2032 due to presence of large number of auto component manufacturers and automakers in this region.
