U.S. Reported Consumption And Stocks Of Chromium Products

This table presents detailed data on the reported consumption and stocks of chromium products in the United States, broken down by end use and material type for the years 2022 and 2023 (estimated). It highlights the gross weight and chromium content of various chromium-containing materials used primarily in steel production and other alloy applications. This information is critical for understanding the demand dynamics and inventory levels of chromium, a key industrial metal essential for manufacturing stainless steel, superalloys, and other corrosion-resistant and high-strength materials. Tracking these figures helps stakeholders assess supply chain stability, market trends, and the economic health of industries reliant on chromium.

The data indicate a notable decline in chromium consumption in 2023 compared to 2022, with total gross weight decreasing from 234,000 metric tons to an estimated 211,000 metric tons, a 10-percent drop in chromium content from 138,000 to 124,000 metric tons. Stainless and heat-resisting steel, the largest end-use category, saw a significant reduction of 11,100 metric tons in gross weight, a 10-percent decrease in chromium content to 101,000 metric tons. Similarly, high-carbon ferrochromium consumption fell by 12,000 metric tons (10 percent), reflecting reduced demand in alloy production. Consumer stocks also declined by 7 percent overall, from 9,570 to 9,060 metric tons gross weight, suggesting tighter inventory levels. These trends may reflect shifts in industrial output, supply chain adjustments, or changes in global chromium availability impacting the U.S. market.