Chromium Prices Q2 2025: Impact of Production and Trade Policies

13-Aug-2025

Global supply chain constraints, geopolitical factors, and steady demand from key industries are continuing to shape chromium price trends. IMARC Group’s latest report, Chromium Price Trend, Index and Forecast Data Report 2025 Edition, provides updated Q2 2025 insights on price fluctuations, influenced by numerous end-use sectors such as the steel, automotive, and aerospace sectors. Regional price patterns across North America, Asia, and Latin America shed light on ongoing challenges and opportunities in the chromium market.

Q2 2025 Chromium Prices:

USA: USD 12,120/MT
China: USD 8,690/MT
Canada: USD 16,000/MT
Japan: USD 8,940/MT
Brazil: USD 9,045/MT

Q2 2025 Chromium Prices

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Current chromium prices reflect the material’s critical role in industries such as stainless steel production, aerospace, and automotive manufacturing. With rising demand, supply chain disruptions, and environmental compliance costs, these factors continue to support a stable or upward global pricing trend.

Key Regional Price Trends and Market Drivers:

USA

Chromium prices in the U.S. reached USD 12,120/MT in June 2025. Prices were influenced by strong demand from stainless steel and aerospace sectors, though supply chain disruptions, mainly from South Africa and Kazakhstan, exposed the market to geopolitical risks and logistical delays. Domestic ferrochrome production remained limited, and higher energy and labor costs increased processing expenses.

China

Chromium prices in China were recorded at USD 8,690/MT during Q2 2025. Pricing was influenced by stable consumption from stainless steel and alloy manufacturing, but disruptions in ore imports from South Africa, due to port congestion and political instability, affected supply consistency. Environmental compliance costs also added pressure on local refining operations, which impacted prices.

Canada

Chromium prices in Canada reached USD 16,000/MT in Q2 2025. Limited domestic production and high import dependency drove Canadian chromium prices. Logistical inefficiencies, such as transportation bottlenecks and rail freight delays, further added to supply constraints. Weather-related disruptions in mining regions and higher energy inputs in processing contributed to price volatility.

Japan

Chromium prices in Japan reached USD 8,940/MT in June 2025. The market was driven by steady demand from the stainless steel and automotive industries. However, the country’s reliance on South Africa and Kazakhstan for chromium imports introduced exposure to variable freight costs and geopolitical risks. Currency fluctuations and stricter environmental regulations added further pressure on production costs.

Brazil

Chromium prices in Brazil stood at USD 9,045/MT in Q2 2025. Pricing was affected by domestic production activity, with rainfall-related disruptions in key mining regions influencing ore extraction and transport. Export commitments to Asia limited domestic availability, while inland logistics challenges and currency volatility further contributed to regional supply imbalances.

Chromium Industry Overview:

The global chromium market reached a volume of 41,615.00 Thousand Tons in 2024 and is projected to grow to 47,582.20 Thousand Tons by 2033, reflecting a CAGR of 1.43% during 2025-2033. The automotive and aerospace industries remain the main drivers of chromium demand, particularly for stainless steel production, due to its strength and resistance to corrosion. Increased production of electric vehicles (EVs) is further expanding the demand for chromium-based alloys. As more manufacturers focus on reducing the environmental footprint, the use of chromium in greener technologies, such as battery development and high-strength alloys, is expected to grow in the coming years.

Moreover, chromium's role in aerospace applications is growing, driven by its high temperature tolerance and wear resistance. As new sectors such as EV manufacturers and airlines emerge, chromium usage in specialized alloys for fuel efficiency and reduced emissions is expected to increase significantly. Technological advancements and metallurgical innovations continue to expand its applications across various industries. This evolution further underscores chromium’s strategic importance as industries aim to meet stricter sustainability goals and shift towards more energy-efficient manufacturing practices.

Chromium Industry Analysis:

Chromium demand is primarily driven by its key applications in stainless steel, aerospace, and automotive sectors. As the use of chromium-containing alloys grows in various applications, the need for enhanced fuel efficiency and reduced emissions is accelerating its demand. The development of new metallurgical technologies and 3D printing is also expanding the material’s industrial applications. Moreover, the discovery of new chromium alloys is supporting industries to create more durable and efficient materials, enhancing product lifespans and lowering overall manufacturing costs.

The chromium recycling industry is gaining momentum, especially in automotive and electronics manufacturing. Reclaimed chromium from used components is helping to reduce environmental impact and meet sustainability targets. The expansion of recycling efforts, alongside more efficient extraction technologies, is expected to influence future chromium pricing and supply dynamics. As the market moves toward a circular economy, these developments will play a critical role in shaping the long-term growth of chromium demand, especially as industries increasingly focus on reducing raw material consumption and improving production efficiency.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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