On Thursday, the Futures rebounded, and the market sentiment eased to some extent, leading to a small upward in spot prices.

The spot price of 72# ferrosilicon did not change much, and the price of 75# ferrosilicon declined due to the weakening of the downstream magnesium metal market.

HRC lead times in the Midwest increased to 4 weeks from 3-4 weeks.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The location of the second planned mill has not been announced.

A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.