The World Steel Association (worldsteel) today released an update to its Short Range Outlook (SRO) for 2020 and 2021.

China's foreign trade will maintain stable growth in the fourth quarter as its manufacturing sector is capable of scaling up production within a short period to supply necessary goods amid the global pandemic.

The 2101 ferrosilicon contract price on ZCE closed at 5968 yuan per ton on October 16.

Opening price of ferrosilicon futures 2101 contract of this week was 5,840.

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on October 15.

The 2101 ferrosilicon contract price on ZCE closed at 5912 yuan per ton on October 14.

In the week ending on October 10, 2020, US domestic raw steel production was 1,502,000 net tons.