The domestic US HRC assessment fell by $8.50/short ton (st) to $455/st. Lead times were flat at 2-3 weeks.

The 2009 ferrosilicon contract price on ZCE closed at 5560 yuan per ton on July 29.

In June, China exported 4963.06 tons of ferrosilicon (>55%) to Japan, which accounts for 25.2% and 4493.84 to Korea, which accounts for 22.82%.

The Argus iron ore fines 62pc Fe ICX cfr Qingdao was last assessed at $108.50/dry metric tonnes (dmt), which was up from $91.15/dmt on 1 January.

The 2009 ferrosilicon contract price on ZCE closed at 5572 yuan per ton on July 28.

From the last week of April to the first week of July, U.S. ferrosilicon prices fell 23%, to the biggest drop since 2008.

The 2009 ferrosilicon contract price on ZCE closed at 5562 yuan per ton on July 27.

The 2009 ferrosilicon contract price on ZCE closed at 5550 yuan per ton on July 24.