The China Iron and Steel Association's cornerstone plan will also further ensure domestic energy security.

At present, the market lacks positive factors and the futures continued to decline, as well the spot price continued to decline.

A Weekly Review of Manganese Alloy Market

A Weekly Review of Manganese Alloy Market

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

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

US hot-rolled coil (HRC) prices edged down recently as mills tried to maintain prices, but some lower offers were reported in the market.

The market was not stimulated by positive or negative news, and there was a strong sense of cautious wait-and-see.