Vanadium prices rise sharply

The 2105 ferrosilicon contract price on ZCE closed at 7200 yuan per ton on December 25.

Higher raw materials price and bidding price, tight spot and strong futures market, the ferrosilicon spot market remain strong this week.

World steel consumption is likely to decline by 2.2pc in 2020, the OCE said.

In the week ending on December 19, 2020, US domestic raw steel production was 1,619,000 net tons while the capability utilization rate was 73.2 percent.

U.S. imported a total of 1,370,000 net tons (NT) of steel in November 2020.

China's steel industry is expected to keep growing in 2021.

Crude Steel Production down slightly YoY in Hebei, China in November, 2020.