The 2109 ferrosilicon contract price on ZCE closed at 8,904 yuan per ton on August 9.

Since this week, most domestic steel prices have risen, but the downstream demand has not recovered.

The domestic ferrosilicon spot market was in good mood in July.

In a bid to strengthen the sector's resource support capability, using iron ore resources in China to raise the self-sufficiency of iron ore in China will be a key task, said Shen Bin.

Stoppages and reduced production rates in the automotive sector resulting from a shortage of semiconductors has resulted in lower scrap output, participants said.

Domestic efforts to curb China’s total steel output are likely to begin soon.

Similar notices were issued by a number of major producers in Inner Mongolia.

Stoppages and reduced production rates in the automotive sector resulting from a shortage of semiconductors has resulted in lower scrap output, participants said.