The 2009 ferrosilicon contract price on ZCE closed at 5840 yuan per ton on May 12.

Ferrosilicon output in Ordos City in Jan-Mar.

Ferroalloy output in Ordos City in Jan-Mar.

The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year.

Import permit tonnage for finished steel in April was 1,317,000, down 13.0% from the final imports total of 1,514,000 in March.

The 2009 ferrosilicon contract price on ZCE closed at 5816 yuan per ton on May 11.

YDD started cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of 2018.

The ferrosilicon market has been running smoothly, with little change in price before the holiday.