Ferroalloy price in China is very likely to decline further in the coming couple of months owing to weakness of the domestic steel market, predicted Zhang Zengchan,secretary general of China Ferroalloys Industry Association.

    However, with constant rises of manganese ore and chromium ore prices that will squeeze their profit margins, some ferroalloys producers will have to cut output, Zhang said when attending a meeting of iron and steel industry here, adding this may help rally the price of ferroalloys.

    China's export volume of manganese alloys surged 27 percent on year in January to July, and the total exports for the whole year are likely to hit one million tons, according to the association.

    If the export keeps soaring, the government may take more measures to limit it, Zhang said.

    China is the largest ferroalloys producer and exporter in the world.