BACKGROUND OF CHROMITE ORE
It was in the 17th century when chrome was first revealed as a metal, but it was only in the19th century before it was used in industry. In the 20th century, the use of chromite exploded because of industrialization and increase in augmenting demand for stainless steel utensil in the world. Chromium usage can be divided into 3 categories: Metallurgy : 90%, Chemical : 5%, Refractory and Foundry : 5%. Chromite ores are converted into ferro chrome through smelting with carbon or silicon.
CHINA, JAPAN AND EUROPEAN UNION MARKET FOR CHROMITE ORES
There are emerging markets of chrome ore but China is the major consumer of chromite ores produced world wide. The majority of chromite ores imported into China over the last decade have been from South Africa, Kazakhstan and Pakistan. India recently has made exporting of chromite ores to China more difficult by imposing a tax of almost 40%. The raising demand for stainless steel and the rapid expansion of stainless steel industry in China is creating a worldwide shortage of Chromite Ores. This allows new sellers from different parts of the world become new player in the Chinese chromite market. One of these new players is Pakistan.
ROCK INTERNATIONAL TRADERS CHROMITE ORES
Black Rock International chromite ores are from Balochistan-Muslim Bagh, Swat and FATA. Pakistan is a relatively new supplier of chromite ores to the world's market. The quality of chromite ores in Pakistan are principally the 40% Cr2O3 types. Higher grades in the 45% Cr2O3 are also available, but in limited quantity. Black Rock International Traders operates one of the largest chromite quarry. The chromite ores are of various grades and ranges from 30% to 42%. The production capacity is 2,000 MT per day or 40,000 MT per month.