Calix unveils green iron and steel technology

Demand also remains strong in Europe, with end user first-quarter tenders for over 3,000t and suppliers struggling to respond.

US hot-rolled coil (HRC) prices dropped this week on lower sales and offers, amid continued limited spot market activity.

And it’s expected for the market to continue to be under pressure in the short term.

The 2201 silicomanganese contract price on ZCE closed at 8652 yuan per ton on November 12.

The 2201 ferrosilicon contract price on ZCE closed at 9052 yuan per ton on November 12.

"We will be carrying out planned maintenance in some of our mills during this period, although there will be no impact on customers," a company spokesperson said.

Australian iron ore mining firms Fenix and Fe Limited are using hedging to keep operating, with most of their unhedged rivals having stopped production or development with the reality of a more than halving of the iron ore price over the past four months.