Market participants say this would be feasible for the province because it is rich in coal and iron ore resources.

These factors should lead to soaring steel demand in Q3 and Q4, Tuan said.

AISI: US raw steel production in the week ending on May 13, 2023.

Global long steel demand outlook weak in 2023.

The 2306 ferrosilicon contract price on ZCE closed at 7510 yuan per ton on May 15.

A Weekly Review of Manganese Alloy Market

The 2306 ferrosilicon contract price on ZCE closed at 7314 yuan per ton on May 12.

HBIS Group's tender price for ferrosilicon 72# was 7580 CNY/T in May, a decrease of 300 CNY/T compared to the previous month.