Excessive supply and steel mills’ large reduction of ferrosilicon bidding prices made it difficult for market prices of ferrosilicon to rise in China. More Ningxia-based and Qinghai-based producers planned to reduce production. The main stream ex-work tax-inc...
Till the end of this week, December bids of ferrosilicon appeared. Although some ferrosilicon producers had reduced operation rate due to slashed purchase prices and volumes of the steel mills, the market prices kept declining in China..