South Africa will impose tariffs on chrome ore exports, and 83% of China’s chrome imports will come from South Africa

Foshan market, October 22, 020, according to Reuters Johannesburg earlier today, according to a cabinet statement on Thursday, South Africa, the world’s largest producer of chromium alloys, has approved measures to “support the domestic ferrochrome industry”, including Export taxes are levied on chrome ore.

Interventions include proposals to impose an export tax on chrome ore, the use of energy efficiency technologies for smelters, and the use of cogeneration and self-generation technologies. ”

So I guess China stainless steel price will be rising in the future.

South Africa will impose tariffs on chrome ore exports, and 83% of China’s chrome imports will come from South Africa
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Post time: Oct-23-2020