At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

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.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.

Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

The Ferrosilicon Futures rose straightly this week.

It was expected that the operation would continue to be weak in the short term.

The traditional peak season of "September-October" is nearing the end, 75 # ferrosilicon was relatively strong under the support of magnesium metal market.