The 2205 ferrosilicon contract price on ZCE closed at 8730 yuan per ton on May 10.

Steel company ArcelorMittal said recently that it expected global steel consumption to shrink this year.

China exported 4.977 million tons of steel in April 2022, an increase of 32000 tons over the previous month, a year-on-year decrease of 37.6%.

The 2205 ferrosilicon contract price on ZCE closed at 9144 yuan per ton on May 9.

Among them, 43681.90 tons of ferrosilicon were imported from China, 3683 tons from Russia, 2956.3 tons from Malaysia and 1463 tons from Vietnam.

South Korea imports 3,992.0 tons of ferrosilicon (Si≤55%) from January to March 2022.

After returning from the May Day holiday, the ferrosilicon futures continued to decline rapidly.

Korea Ferrosilicon (Si>55%) Imports in January 2022.