This week, the ferrosilicon market is still running stably, higher cost and tight spot and the downstream demand side is also strong, the confidence of ferrosilicon manufacturers is good.

"Stable, green and sustainable raw material supplies is an important pillar for Chinese steel industry to improve competitiveness."

OM Holding Limited released its September 2020 Quarterly Production and Market Update recently.

"To address long-term market developments and the effects of coronavirus," Thyssenkrupp announced to cut 5,000 more jobs, bringing the total of its layoffs to 11,000.

The first export consignment is scheduled to leave the Chattogram port, some 242 km southeast of the capital Dhaka, on Nov. 21, the company said in a statement.

American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of October totaled 1,643,000 net tons (NT)*.

The 2101 ferrosilicon contract price on ZCE closed at 5998 yuan per ton on November 19.

During the quarter ended 30 September 2020, FeSi production volumes decreased by 16% while manganese alloys production reduced marginally by 3%.