Ann: 30 June 2022 Quarterly Market Update, page-73

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/081822-chinas-power-shortages-disrupt-nonferrous-operations

Ferroalloy

Most high carbon ferrochrome producers in Sichuan have halted production in response to the government's call, slowing the decline in domestic prices, according to sources. However, the production halt is not enough to reverse the downtrend as demand from steel mills remains weak.

A key silicomanganese producer in Chongqing plans to suspend two submerged arc furnaces to reduce its operating rate to about 50%, while another leading silicomanganese producer in Sichuan halted production, sources said. Market participants are waiting on the sidelines as some producers have suffered losses and it is difficult to seal deals even at lower prices.

Some electric arc steelmaking plants in South China also lowered their operating rates due to electricity shortages, and that might weigh on ferroalloy demand recovery.