Global long steel demand outlook weak in 2023.

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.

The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand.

All these factors will support a surge in steel consumption in the third and fourth quarters of this year, the VSA added.

In April, the domestic ferrosilicon market continued its weak trend, with Futures fluctuating and falling below a new low for the year.

Downstream demand and transactions remained lackluster, and the domestic ferrosilicon market continued to operate weakly and steadily this week

The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2023 and 2024. Worldsteel forecasts that this year, demand will see a 2.3% rebound to reach 1,822.3 Mt. Steel demand is forecast to grow by 1.7%...

Driven by the soaring price of downstream magnesium metal, the price of 75# ferrosilicon has climbed to around 8200-8400 CNY/T.