The traditional peak season in September has arrived, and many people in the industry were optimistic about it.

At present, the production recovery in the production area was slow, the supply was relatively low, and the transaction was light.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 149.3 million tonnes (Mt) in July 2022, a 6.5% decrease compared to July 2021.

In addition, the cost of electricity and scrap steel affected the commencement of steel plants, thus suppressing the demand for ferrosilicon.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $110 a tonne Monday morning, up 2.7%

This week, the main contracts of Ferrosilicon Futures rose and the spot price was temporarily stable.

The domestic ferrosilicon market continued to operate weakly with cost downwards, and Futures fell broke expectations.

The ferrosilicon market has been in a continuous downturn recently, and the Futures in the last week fell sharply below expectations.