LME nickel price trend on July 23rd

The 2009 ferrosilicon contract price on ZCE closed at 5550 yuan per ton on July 24.

In early July, the increase in US imports of ferrosilicon from Brazil triggered the largest price drop in the United States since 2008, completely reversing the upward trend of prices a few months ago.

Europe's silicon market is starting to show signs of recovery this week

Steelmaking not only produces steel but a range of material, which is either essential in the steelmaking process or is an unintended result of the production process.

This week, the operating rate of ferrosilicon enterprises and output have not changed much.

The government is seeking to raise at least R$2,6bn ($480mn) from the sales, but it has not yet defined the target values for all projects.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020.