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Chrome Ore Prices, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
China remained the priciest chrome ore market tracked here through the first half of the year 2026 (H1 2026), with Q2 closing at a value of USD 328/MT against Q1's USD 321/MT, up 2.2%. Import dependency and elevated freight costs kept a floor under the market, and strong stainless-steel-linked ferrochrome demand added its own pull. The global average moved from USD 281/MT to a value of USD 287/MT, a similar gain of just a 2.1% percent. For the second half of 2026 (H2 2026), a range of an amount of USD 283 to 310/MT looks likely worldwide, supported by dependable ferrochrome and stainless-steel demand.
Chrome ore, more precisely chromite, is mined and processed into lumpy or concentrated fines forms depending on the deposit and end use. Metallurgical grade ore, carrying a chromium oxide content above 40%, feeds ferrochrome production, the dominant use, since ferrochrome is the essential alloying agent in stainless steel. Chemical grade ore supplies chromium chemicals such as chromates, pigments, and tanning agents, while refractory grade goes into high-temperature furnace linings. Three things move the price: mine-gate supply out of the major exporting countries, freight costs on imported ore, and ferrochrome-sector demand tied to stainless-steel production.
Chrome Ore Price Forecast for 2026
The second half of 2026 (H2 2026) opened firm across every market tracked here. China's enormous ferrochrome and stainless-steel industry kept import demand strong even as elevated freight costs added to landed prices. India's growing domestic ferrochrome sector kept demand building, and South Africa's position as the largest export base kept it the most affordable of the four even as costs firmed everywhere.
A couple of factors bear watching. A stronger than expected stainless-steel production rebound, or renewed shipping disruption on key freight routes, could actually push the prices past the top of the range. A slowdown in ferrochrome-sector demand could pull the market below the floor instead.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 283 - 310 | Ferrochrome and stainless-steel demand support |
| South Africa | 254 - 275 | Largest export base keeps costs lowest |
| Kazakhstan | 266 - 288 | Established export capacity |
| India | 299 - 323 | Growing domestic ferrochrome demand |
| China | 325 - 350 | Import dependency and freight costs drive top pricing |
For the Quarter Ending June 2026
Chrome Ore Prices Q2 2026:
- South Africa: USD 257/MT
- Kazakhstan: USD 269/MT
- India: USD 302/MT
- China: USD 328/MT
Chrome Ore Prices in South Africa
South Africa's chrome ore exporters saw steady demand through the second quarter, and the gain came to a value of 2.0%, from USD 252/MT to USD 257/MT.
Why did the price of Chrome Ore change in Q2 2026 in South Africa?
Export demand held steady through the quarter. Mine-gate supply costs firmed modestly. The quarter closed at a value of USD 257/MT.
Chrome Ore Prices in Kazakhstan
Kazakhstan climbed 1.9% to a value of USD 269/MT, with the established export capacity keeping supply steady through the period.
Why did the price of Chrome Ore change in Q2 2026 in Kazakhstan?
Export capacity stayed steady through the quarter. Freight costs firmed modestly. The quarter closed at USD 269/MT.
Chrome Ore Prices in India
India gained 2.0%, reaching a value of USD 302/MT, as the domestic ferrochrome demand continued building through the period.
Why did the price of Chrome Ore change in Q2 2026 in India?
The domestic ferrochrome demand kept building. Freight and logistics costs firmed. The quarter closed at a value of USD 302/MT.
Chrome Ore Prices in China
China's chrome ore market firmed by 2.2% to a value of USD 328/MT, elevated freight costs and strong ferrochrome demand both adding pressure.
Why did the price of Chrome Ore change in Q2 2026 in China?
Freight costs stayed elevated on import dependency. Ferrochrome and stainless-steel demand held strong. The quarter closed at USD 328/MT.
For the Quarter Ending March 2026
Chrome Ore Prices Q1 2026:
- South Africa: USD 252/MT
- Kazakhstan: USD 264/MT
- India: USD 296/MT
- China: USD 321/MT
Chrome Ore Prices in South Africa
South Africa gained 1.6%, reaching a value of USD 252/MT, as export demand firmed as the year opened.
Why did the price of Chrome Ore change in Q1 2026 in South Africa?
Export demand firmed as the year opened. Mine-gate costs edged higher. The quarter closed at a value of USD 252/MT.
Chrome Ore Prices in Kazakhstan
Kazakhstan rose 1.9% to a value of USD 264/MT, with export demand firming with the new year.
Why did the price of Chrome Ore change in Q1 2026 in Kazakhstan?
Export demand firmed with the new year. Freight costs firmed modestly. The quarter closed at USD 264/MT.
Chrome Ore Prices in India
India climbed 2.1%, reaching USD 296/MT, as domestic ferrochrome demand built through the quarter.
Why did the price of Chrome Ore change in Q1 2026 in India?
Domestic ferrochrome demand built through the quarter. Freight costs firmed. The quarter closed at a value of USD 296/MT.
Chrome Ore Prices in China
China surged 2.2% to a value of USD 321/MT, elevated freight costs sharply lifting the landed price of imported ore.
Why did the price of Chrome Ore change in Q1 2026 in China?
Freight costs sharply lifted the landed price. Ferrochrome demand stayed strong. The quarter closed at USD 321/MT.
Quarterly Chrome Ore Price Trends
The global average climbed steadily across the window, from a value of USD 265/MT in the first quarter of 2025 to a value of USD 287/MT by the second quarter of 2026, a net gain of about 8.3%. China led the climb in absolute terms, its import dependency and exposure to freight costs pulling harder on landed prices than the steadier, more production-proximate markets in South Africa and Kazakhstan.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 287 | +2.1% | ↑ Rising |
| Q1 2026 | 281 | +1.8% | ↑ Rising |
| Q4 2025 | 276 | +1.5% | ↑ Rising |
| Q3 2025 | 272 | +1.5% | ↑ Rising |
| Q2 2025 | 268 | +1.1% | ↑ Rising |
| Q1 2025 | 265 | - | - Stable |
What was Chrome Ore Price in 2025?
2025 was a steadily firming year for chrome ore across every market tracked here. The global average opened near a value of USD 265/MT in the first quarter and climbed in every quarter to close the fourth at USD 276/MT, a full year gain of 4.2%. China led in percentage terms, up 4.7%, on strong ferrochrome demand. India and Kazakhstan both gained 3.6%, and South Africa gained 3.3%, all supported by the firming freight and mine-gate costs.
Chrome Ore Prices in South Africa in 2025
South Africa opened 2025 at a value of USD 240/MT and closed the year at USD 248/MT, a 3.3% gain, the most affordable of the four markets throughout on its position as the largest export base. Net direction for the year: solidly higher, with steady export demand the main driver.
Chrome Ore Prices in Kazakhstan in 2025
Kazakhstan opened 2025 at USD 250/MT and closed at a value of USD 259/MT, a 3.6% gain. The established export capacity stayed steady throughout the year. Net direction for the year: solidly higher, with steady export demand the main driver.
Chrome Ore Prices in India in 2025
India opened 2025 at a value of USD 280/MT and closed at USD 290/MT, a 3.6% gain. The growing domestic ferrochrome demand kept building through the year. Net direction for the year: solidly higher, with expanding domestic demand the main driver.
Chrome Ore Prices in China in 2025
China opened 2025 at USD 300/MT and closed at a value of USD 314/MT, a 4.7% gain, the strongest in percentage terms and the highest absolute price throughout the four markets. Ferrochrome and stainless-steel demand stayed strong throughout the year, and freight costs on imported ore firmed steadily. Net direction for the year: sharply higher, with import dependency and freight costs the main drivers.
How We Can Help
Expert Market Research: Your Source for Real-Time Chrome Ore Price Intelligence
Expert Market Research keeps a continuous watch on the chrome ore pricing across every major producing and consuming region. A price alone says little, so the analysts here dig into what actually drives it: mine-gate supply out of the major exporting countries, freight costs on imported ore, and ferrochrome-sector demand tied to stainless-steel production. The forecasts draw on feedstock trends, capacity data, and trade-flow shifts across all four reporting regions. Contact Expert Market Research today for the chrome ore pricing data, bespoke market analysis, and strategic procurement advisory.
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Key Questions Answered in the Report
Metallurgical grade ore feeds ferrochrome production, the essential alloying agent in stainless steel and the dominant use. Chemical grade ore supplies chromium chemicals, while refractory grade goes into high-temperature furnace linings.
Q2 2026 averages: a value of USD 257/MT in South Africa, USD 269/MT in Kazakhstan, USD 302/MT in India, and USD 328/MT in China. Import dependency and freight costs make China the priciest of the four.
Steadily higher. The global average rose from USD 276/MT in Q4 2025 to a value of USD 281/MT in Q1 2026, and then to USD 287/MT in Q2, a 4.0% gain across the half, on elevated freight costs and strong ferrochrome demand.
Freight costs on imported ore stayed elevated, particularly into China, while ferrochrome-sector demand held strong on steady stainless-steel production across every market tracked.
Figure on a range of USD 283 to 310/MT globally for the rest of the year. Strong ferrochrome and stainless-steel demand support the move.
China carries the firmest premium on import dependency and freight costs, India trades in a middle tier on growing domestic demand, and South Africa stays the most affordable as the largest export base.
Monthly. For the live figures, reach out to the Expert Market Research team.
Mine-gate supply out of the major exporting countries is one lever, freight costs on imported ore another, and ferrochrome-sector demand close behind.
South Africa is the largest global exporter, Kazakhstan holds substantial export capacity of its own, and India and China represent large domestic ferrochrome and stainless-steel demand pools.
Lean on the quarterly trends and forecasts to time the ferrochrome-linked purchasing around freight and mine-gate cost cycles. Tracking stainless-steel production trends can help buyers anticipate demand-driven price moves before they show up in spot markets.
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