Ferroalloys Summit 2011 has come to a successful close at Dalian Kempinski on June 24, 2011.

The summit brought together more than 200 delegates from 150 companies who exchanged their ideas and experiences on opportunities and challenges being posed in the ferroalloys industry.

Yang Yongxin, official of Industrial Policy Division of MIIT,PRC made a speech of "Eliminating Ferroalloys Backward Production Capacity, Pushing Forward Structural Adjustment and Upgrade in Industries". Zhu Baoliang, vice director of Economic Forecast Department of State Information Center analyzed the macro-economic situation in 2011 and reminded attendees to pay close attention to the current inflation.

Hu Mingyang, consultant of China Special Steel Association analyzed the demand characteristic for special steel in Twelfth Five-Year period and believes that the special steel industry will have a good chance for development.

Mr.Cao Wenquan, Chief Representative of Eti Krom Inc Beijing Office, outlined the chrome situation in global and Chinese markets and analyzed Turkish chrome export. Finally, he made a prospect for the future chrome market.

Mr.Kanwal Gambhir, as the CEO of Gulf Mining Materials Company, gave a brief introduction of Oman and Gulf Mining Materials Company and summarized historical price fluctuation for metals and ores. In the end, he estimated that the pressure on supply of non-renewable mineral resources will continue for years and surplus global credit supply will further support the prices of minerals.

Mr.Ju Guoxian, as the General Manager of Nonferrous Research Institute of Minsheng Securities, introduced global vanadium production enterprises' production capacity and believed capital market is a very important measure to integrate vanadium market, while Minsheng Securities is a good companion of capital market.

Mr.Rajarshi Palit, as the General Manager of Tata Steel Asia (Hong Kong) Limited, addressed chrome market in India and gave an analysis of historical data and influencing factor in the market. He predicted Indian chrome ore export will fall further and ferrochrome production will get support amid the growth of stainless steel market.

Wang Qingguo, the CEO of Jinzhou Dahua Industry Co., Ltd. reviewed ferrotitanium market in 2010 and Q1 2011, analyzing the problem in the market between supply and demand. He also gave some valuable suggestions for how to shape up a new and healthy market in 2011 according to the development of steel mills in China.

Qin Yonghua, sales director of Shanghai Topstate International Trade Co., Ltd., detailed analyzed the chrome market change in 2010-2011, based on the domestic market trend and import markets of chrome ore and ferrochrome, and a prediction of the market in the near future was also made in the end.

Huang Zhanliang, GM from Dandong Lifeng Silicon and Magnesium, reported the technology development of ferroboron smelting in the past years and analyzed the demand for ferroboron from emerging industries. At the same time, he explained the reason for prices rising from late 2010 and put forward the future predictions for ferroboron.

Doctor Peimin Guo, from China Iron and Steel Research Institute Group and mainly engaging in the resources’ efficient utilization researches, reported a new kind of metallurgical and smelting technology of molybdenum and caused other participants great interests. He showed the technology of the molybdenite vacuum decomposition to prepare the steelmaking-used molybdenum powder and the hydrogen reduction method for high-purity and superfine molybdenum powders, which solved the problem of the environmental pollution of SO2 and the loss of molybdenum.

The whole ferroalloys industry is moving forward though the global economic situation are still not clear now, but most participants are very cautious about the future economic development because of the debt crisis in Europe and serious inflation in China.

We, Asian Metal, hereby wish to extend our deepest appreciation for the support of the companies who attended the summit and the partners who have engaged in the organization of this successful summit. We will continue to make our efforts to serve for the ferroalloys industry and all the clients in this area and we will surely present another wonderful ferroalloy summit to all of the distinguished clients of Asian Metal next year.