The 2201 ferrosilicon contract price on ZCE closed at 9,490 yuan per ton on August 24.

The 2201 silicomanganese contract price on ZCE closed at 7778 yuan per ton on August 24.

Prices for low-carbon ferro-chrome in Europe rose to their highest level since November 2008 because of shortages in raw materials supply.

“We do have fewer blast furnaces as a percentage of our steelmaking in the United States,” Anderson noted.

The spot price moved higher for the first time in three weeks, hitting a record high since Fastmarkets started assessing the market in January 1997.

US ferro-silicon market continued to trend upward in the week ending on August 20, 2021.

The 2201 ferrosilicon contract price on ZCE closed at 9,642 yuan per ton on August 23.

The 2201 silicomanganese contract price on ZCE closed at 8122 yuan per ton on August 23.