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Ferro Chrome Prices, Demand and Supply Overview
2025
Base Year
2023-2025
Historical Period
2026-2027
Forecast Period
Market Overview
India remained the priciest ferro chrome market tracked here through the first half of the year 2026 (H1 2026), with Q2 closing at a value of USD 1904/MT against Q1's USD 1871/MT, up 1.8%. Steady stainless-steel demand kept a floor under the market, and the firmer chrome ore and coke feedstock costs added their own pull. The global average moved from USD 1808/MT to a value of USD 1841/MT, a similar gain of just a 1.8% percent. For the second half of 2026 (H2 2026), a range of an amount of USD 1820 to 1965/MT looks likely worldwide, supported by dependable stainless-steel demand.
Ferro chrome is made by smelting chrome ore together with coke or coal and quartzite in an electric arc furnace, a reduction process that yields the iron-chromium alloy used to introduce chromium into steel. Stainless steel production is the dominant use, accounting for the large majority of global ferrochrome demand, since chromium is what gives stainless steel its corrosion resistance. Specialty alloy steels draw on the remainder. Three things move the price: chrome ore and coke feedstock costs, stainless-steel-sector demand, and the electricity costs that smelting operations depend on heavily.
Ferro Chrome Price Forecast for 2026
The second half of 2026 (H2 2026) opened firm across every market tracked here. India's established stainless-steel sector kept demand firm, Kazakhstan and China both saw steady export and domestic smelting demand, and South Africa's proximity to chrome ore feedstock kept it the most affordable of the four even as costs firmed everywhere.
A couple of factors bear watching. A chrome ore or coke feedstock cost spike, or a stronger than expected stainless-steel production rebound, could actually push the prices past the top of the range. A slowdown in stainless-steel-sector demand could pull the market below the floor instead.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 1820 - 1965 | Stainless-steel demand and firm feedstock costs support |
| China | 1800 - 1945 | Large smelting base keeps China competitive |
| India | 1885 - 2035 | Established stainless-steel demand commands premium |
| South Africa | 1750 - 1885 | Chrome ore feedstock proximity keeps costs lowest |
| Kazakhstan | 1825 - 1965 | Steady export demand |
For the Quarter Ending June 2026
Ferro Chrome Prices Q2 2026:
- China: USD 1820/MT
- India: USD 1904/MT
- South Africa: USD 1766/MT
- Kazakhstan: USD 1841/MT
Ferro Chrome Prices in China
China's ferro chrome producers passed through the firmer chrome ore costs in the second quarter, and the domestic smelting demand held steady. The gain came to a value of 1.8%, from USD 1787/MT to USD 1820/MT.
Why did the price of Ferro Chrome change in Q2 2026 in China?
Chrome ore and coke feedstock costs firmed through the quarter. The domestic smelting demand held steady. The quarter closed at a value of USD 1820/MT.
Ferro Chrome Prices in India
India firmed by 1.8% to a value of USD 1904/MT, with the established stainless-steel demand staying firm through the quarter.
Why did the price of Ferro Chrome change in Q2 2026 in India?
Stainless-steel demand stayed firm. Feedstock costs climbed some more. The quarter closed at USD 1904/MT.
Ferro Chrome Prices in South Africa
South Africa gained 1.8%, reaching a value of USD 1766/MT, as proximity to chrome ore feedstock kept it the most affordable market even as costs climbed.
Why did the price of Ferro Chrome change in Q2 2026 in South Africa?
Feedstock costs climbed alongside the broader market. Feedstock proximity kept South Africa the most affordable market. The quarter closed at a value of USD 1766/MT.
Ferro Chrome Prices in Kazakhstan
Kazakhstan climbed 1.8% to a value of USD 1841/MT, with export demand continuing to hold steady through the period.
Why did the price of Ferro Chrome change in Q2 2026 in Kazakhstan?
Export demand held steady. Feedstock costs firmed alongside the region. The quarter closed at USD 1841/MT.
For the Quarter Ending March 2026
Ferro Chrome Prices Q1 2026:
- China: USD 1787/MT
- India: USD 1871/MT
- South Africa: USD 1734/MT
- Kazakhstan: USD 1808/MT
Ferro Chrome Prices in China
China gained 1.8%, reaching a value of USD 1787/MT, as smelting demand firmed up as the year opened.
Why did the price of Ferro Chrome change in Q1 2026 in China?
Smelting demand firmed as the year opened. Feedstock costs edged higher. The quarter closed at a value of USD 1787/MT.
Ferro Chrome Prices in India
India rose 1.8% to a value of USD 1871/MT, with stainless-steel demand firming along with the new year.
Why did the price of Ferro Chrome change in Q1 2026 in India?
Stainless-steel demand firmed with the new year. Feedstock costs continued climbing steadily. The quarter closed at USD 1871/MT.
Ferro Chrome Prices in South Africa
South Africa gained 1.8% to a value of USD 1734/MT, with feedstock costs firming alongside the broader market.
Why did the price of Ferro Chrome change in Q1 2026 in South Africa?
Feedstock costs firmed alongside the broader market. Domestic demand held steady. The quarter closed at a value of USD 1734/MT.
Ferro Chrome Prices in Kazakhstan
Kazakhstan climbed 1.9%, reaching USD 1808/MT, as export demand built through the quarter.
Why did the price of Ferro Chrome change in Q1 2026 in Kazakhstan?
Export demand built through the quarter. Feedstock costs firmed. The quarter closed at a value of USD 1808/MT.
Quarterly Ferro Chrome Price Trends
The global average climbed steadily across the window, from a value of USD 1720/MT in the first quarter of 2025 to a value of USD 1841/MT by the second quarter of 2026, a net gain of about 7.0%. Every single quarter posted a gain, the steady climb reflecting firming chrome ore and coke feedstock costs and dependable stainless-steel-sector demand across every market tracked here.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q2 2026 | 1841 | +1.8% | ↑ Rising |
| Q1 2026 | 1808 | +1.9% | ↑ Rising |
| Q4 2025 | 1775 | +1.1% | ↑ Rising |
| Q3 2025 | 1756 | +1.1% | ↑ Rising |
| Q2 2025 | 1737 | +1.0% | ↑ Rising |
| Q1 2025 | 1720 | - | - Stable |
What was Ferro Chrome Price in 2025?
2025 was a steadily firming year for ferro chrome across every market tracked here. The global average opened near a value of USD 1720/MT in the first quarter and climbed in every quarter to close the fourth at USD 1775/MT, a full year gain of 3.2%. India led in percentage terms, up 3.3%, on established stainless-steel demand. China, South Africa, and Kazakhstan each gained 3.2%, all supported by firming feedstock costs.
Ferro Chrome Prices in China in 2025
China opened 2025 at a value of USD 1700/MT and closed the year at USD 1755/MT, a 3.2% gain. Domestic smelting demand held steady throughout the year, and chrome ore feedstock costs firmed in step. Net direction for the year: solidly higher, with steady smelting demand the main driver.
Ferro Chrome Prices in India in 2025
India opened 2025 at USD 1780/MT and closed at a value of USD 1838/MT, a 3.3% gain, the strongest in percentage terms among the four markets. Established stainless-steel demand stayed firm throughout the year. Net direction for the year: solidly higher, with steady stainless-steel demand the main driver.
Ferro Chrome Prices in South Africa in 2025
South Africa opened 2025 at a value of USD 1650/MT and closed at USD 1703/MT, a 3.2% gain, the most affordable of the four markets throughout on its proximity to chrome ore feedstock. Net direction for the year: solidly higher, with firming feedstock costs the main driver.
Ferro Chrome Prices in Kazakhstan in 2025
Kazakhstan opened 2025 at USD 1720/MT and closed at a value of USD 1775/MT, a 3.2% gain. Export demand stayed steady throughout the year. Net direction for the year: solidly higher, with steady export demand the main driver.
How We Can Help
Expert Market Research: Your Source for Real-Time Ferro Chrome Price Intelligence
Expert Market Research keeps a continuous watch on the ferro chrome pricing across every major producing and consuming region. A price alone says little, so the analysts here dig into what actually drives it: chrome ore and coke feedstock economics, stainless-steel-sector demand, and electricity cost trends at smelting operations. The forecasts draw on feedstock trends, capacity data, and trade-flow shifts across all four reporting regions. Contact Expert Market Research today for the ferro chrome pricing data, bespoke market analysis, and strategic procurement advisory.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
Stainless steel production is the dominant use, accounting for the large majority of global demand, since chromium is what gives stainless steel its corrosion resistance. Specialty alloy steels draw on the remainder.
Q2 2026 averages: a value of USD 1820/MT in China, USD 1904/MT in India, USD 1766/MT in South Africa, and USD 1841/MT in Kazakhstan. Established stainless-steel demand makes India the priciest of the four.
Steadily higher. The global average rose from USD 1775/MT in Q4 2025 to a value of USD 1808/MT in Q1 2026, and then to USD 1841/MT in Q2, a 3.7% gain across the half, on firming feedstock costs and steady stainless-steel demand.
Chrome ore and coke feedstock costs firmed across every region, while stainless-steel-sector demand held steady to strong across every market tracked.
Figure on a range of USD 1820 to 1965/MT globally for the rest of the year. Dependable stainless-steel demand supports the move.
India carries the firmest premium on established stainless-steel demand, China and Kazakhstan sit in a steadier middle tier, and South Africa stays the most affordable on its proximity to chrome ore feedstock.
Monthly. For the live figures, reach out to the Expert Market Research team.
Chrome ore and coke feedstock costs are the main lever, stainless-steel-sector demand close behind, and then electricity costs at smelting operations.
South Africa's proximity to chrome ore feedstock keeps it a low-cost production base, while China, India, and Kazakhstan maintain substantial smelting capacity of their own.
Lean on the quarterly trends and forecasts to time stainless-steel-linked purchasing around chrome ore and coke feedstock cycles. Tracking stainless-steel production trends can help buyers anticipate demand shifts before they show up in spot prices.
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