On account of the Chinese stimulus package policy embarked upon about 18months ago, the chromium industry is gradually recovering after the slump in the first half year of 2009 with prices rising again and confidence being restored to the market. Almost all signals show that China is walking out of the shadow of global economic crisis, but the sharp price increase in the first quarter and then sudden price drop in the second quarter of 2010 bring a wake-up call to stakeholders. Is Chinese economy likely to see a “double dip” in the second half of this year or is it the temporary market adjustment? What measures should be taken to avoid risks?

The macro-economic control for real estate and cancellation of export tax rebate for steel products in China influence many industries in the whole economy. Chromium industry turns its upward trend with price falling and demand shrinking, so many participants get into troubles and worry about the market in the second half year of 2010. Meanwhile, it has been suggested participants should pay much attention to ferrochrome import, though it does not strike Chinese domestic market for the moment. How about the future Chinese ferrochrome market?

China is the major chrome ore consumer, but with the price plummeting and large inventories, Chinese buyers who purchased chrome ore at high price levels incur heavy losses. Now the market seems to improve slightly. Will it continue to better up or is it just speculation? It wonders whether chrome ore market has reached its bottom and builds up strength or not.

Chinese steel mills mainly purchase ferrochrome in domestic market instead of importing those materials due to higher prices in the first quarter of 2010. However, with the further adjustment and control for steel industry in China, many steel mills are on the edge of narrow margin profits and deficit, holding large raw materials, reducing steel output and weakening demand and falling prices. Will steel market step out of difficulties and embrace a bright future in the fourth quarter?

Asian Metal is inviting the most influential and leading companies and counterparts from the chromium industry from all around the world to discuss the above mentioned issues. The forum is designed to build an international platform of information exchange, cooperation for all the global chromium smelters, traders, consumers, research institutes, associations as well as financial organizations in a win-win situation.

With a talented and professional team of market analysts, Asian Metal continues to maintain high levels of responsibility and quality of service, ensuring that the World Chromium Forum 2010 will be another grand event for the world chromium market.