The 2311 ferrosilicon contract price on ZCE closed at 7528 yuan per ton on September 27.

The 2311 ferrosilicon contract price on ZCE closed at 7500 yuan per ton on September 26.

World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 152.6 million tonnes (Mt) in August 2023, a 2.2% increase compared to August 2022.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

The 2311 ferrosilicon contract price on ZCE closed at 7484 yuan per ton on September 25.

Supported by multiple positive factors, the domestic ferrosilicon market has shown good confidence this week.

The 2311 ferrosilicon contract price on ZCE closed at 7552 yuan per ton on September 21.

China exports 27900.512 tons of ferrosilicon (Si>55%) in August 2023.