In 2020, the size of the global ferroalloy market valued at USD 60.08 billion and is likely to grow at a compound annual growth rate (CAGR) of 5.4% from 2020 to 2026. The output value is expected to reach USD 93.14 billion in 2026.
China has nearly 2,000 ferroalloy manufacturers. At present, China is the world’s biggest ferroalloy market, which accounted for about 40% of the market share. The United States and the Middle East together accounted for 15% of the market share.
China ferro alloys production
The production of ferro alloys in China relatively fluctuated from 2012 to 2020, with an annual output of more than 30 million tons. In 2020, the output of ferro alloys in China is 34.19 million tons, year on year decrease of 6.5%.
In the first half of 2021, the output of ferro alloys in China is 3.16 million tons, year on year increase of 2.2%. The cumulative production reached 18.20 million tons, a cumulative increase of 8.1%.

China ferroalloys market prices 2012-2020
The price of ferroalloy in China shows a trend of fluctuating increase in general. By February 17, 2021, the price of ferroalloy has increased to USD 0.37 million /ton.
In the first half of 2020, the price of ferro alloys in China was stable. In the second half of the year, the price of ferro alloys in China was dropping. By November 2020, the price of ferroalloy has fallen to USD 0.26 million/ton.
The export prices of China ferroalloys 2012-2020
The export prices of ferro alloys in China relatively fluctuated from 2012 to 2020. In 2020, China’s total export amount of ferroalloy reached USD 843.49 million. By June 2021, China’s total export amount of ferroalloy was USD 198.16 million, year-on-year growth of 270%.
From January to June in 2021, China’s cumulative export of ferroalloys will reach USD 834.2 million, a cumulative increase of 80.8%.

The export volume of China ferro alloys 2012-2020
The export volume of ferroalloys in China relatively fluctuated from 2012 to 2020. In 2020, China’s total export volume of ferroalloy reached 47 million tons, year on year decrease of 14%. By June 2021, China’s total export volume of ferroalloy was 9 million tones, year on year growth of 174%.
From January to June in 2021, China’s cumulative export volume of ferroalloys reached 39 million tons, a cumulative increase of 42%.

China ferroalloy monthly output in 2021
In the second half of 2021, due to the government’s energy control, coal prices have risen, and the operating rate of ferroalloy companies has decreased, resulting in a reduction in ferroalloy production and a short supply, which will affect the price increase of ferroalloys in China.
Date | Monthly Output(million tons) | Mon-on-mon Increase (%) |
10/2021 | 2.67 | -18.2 |
9/2021 | 2.39 | -25.5 |
8/2021 | 2.74 | -13.1 |
7/2021 | 2.80 | -7.8 |
6/2021 | 3.16 | 2.2 |
5/2021 | 3.15 | 10.6 |
4/2021 | 2.96 | 3 |
3/2021 | 3.09 | 1 |
1-2/2021 | 7.17 | \ |
2021 Chinese ferroalloy price trend
From the above table, in the second half of 2021, China’s ferroalloy production decreased, which caused the price to soar and then collapse.
Reasons for rising prices of ferroalloys
- The raw materials (iron ore, copper ore, coke,etc) continue to rise.
- The gap between supply and demand has increased.
- In 2021, sea freight rates continue to rise.
- Panic over the shortage of ferroalloy products
By the end of 2021, the Ferroalloy market in China will gradually recover stability. The confidence of domestic and foreign customers in China’s ferroalloy market will gradually recover.