The steel market situation was poor, the magnesium market situation was loose, the ferrosilicon quotation declined slightly again this week.

The 2306 ferrosilicon contract price on ZCE closed at 7566 yuan per ton on May 19.

Worldstainless expects global consumption of stainless steel to be at 0.0% in 2023 and at 3.6% in 2024. Only minor changes in global meltshop production by main grade in 2022 recorded.

China's crude steel production reaches 92.64 million tons in April 2023.

Market participants say this would be feasible for the province because it is rich in coal and iron ore resources.

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.

AISI: US raw steel production in the week ending on May 13, 2023.

Global long steel demand outlook weak in 2023.