[Ferro-Alloys.com] The export price for Chinese ferro-silicon, which earlier this month hit a 27-month low amid persistent weak demand and tough international competition, stabilized in the week to Friday September 13 but spot buying interest was negligible.
Chinese output of hot metal, crude steel and finished steel all increased in August on both a month-on-month basis and from a year earlier, China’s National Bureau of Statistics said on Monday September 16.
Lower prices for raw materials and expectations of demand recovering in September were cited as the major reasons for Chinese steelmakers’ higher production rates.
Hot-rolled coil (HRC) import prices into the United Arab Emirates and Saudi Arabia fell this week, on continuing limited demand, sources told Fastmarkets on Tuesday September 17.
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