Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.

The Ferrosilicon Futures rose straightly this week.

It was expected that the operation would continue to be weak in the short term.

The traditional peak season of "September-October" is nearing the end, 75 # ferrosilicon was relatively strong under the support of magnesium metal market.

However, the tender price was lower in the later stage, and the volume was reduced.

Multiple producers have faced that tough choice in recent months.