In the week ending on May 7, 2022, domestic raw steel production was 1,777,000 net tons while the capability utilization rate was 81.4 percent.

The 2205 ferrosilicon contract price on ZCE closed at 8700 yuan per ton on May 13.

At present, the market lacks positive factors and the futures continued to decline, as well the spot price continued to decline.

A Weekly Review of Manganese Alloy Market

A Weekly Review of Manganese Alloy Market

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

The Indian government said on Tuesday that the country's coal production increased 29 percent year-on-year to 66.58 Million Ton (MT) in April amid a power shortage due to lesser stocks of coal available at thermal power plants.