In October 2021, the top three import sources of ferrosilicon (Si ≤ 55%) in the United States were Canada, Russia and Slovakia.

Since entering January, coke has increased by 500-520 yuan per ton.

The 2205 ferrosilicon contract price on ZCE closed at 8638 yuan per ton on January 11.

Silicomanganese futures close at 8434 on January 11, a decrease of 0.21%

The country produced an estimate of 1.03 billion metric tons of steel last year, down 35 million tons from 2020, said the China Iron and Steel Association on Monday.

In addition to coal, gold, platinum and diamond as its most prominent reserves, the country is also home to other minerals, such as chrome, vanadium and titanium.

China's steel output declined in 2021 amid the country's endeavor to achieve carbon peaking and carbon neutrality goals.

The main export products included oxyamino compounds, steel, and freight vehicles; and the main imported commodities were copper ore, milk and cream, logs and potash fertilizer.