Earlier this year, the association had forecast steel demand to drop by 1.7% in 2022.

The location of the second planned mill has not been announced.

Fastmarkets sources continued to insist that prices were in parity, as rare as the phenomenon is.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.

Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

The Ferrosilicon Futures rose straightly this week.

It was expected that the operation would continue to be weak in the short term.

The traditional peak season of "September-October" is nearing the end, 75 # ferrosilicon was relatively strong under the support of magnesium metal market.