U.S. imported a total of 2,237,000 net tons (NT) of steel in September 2022.

U.S. imported a total of 2,237,000 net tons (NT) of steel in September 2022.

The 2211 ferrosilicon contract price on ZCE closed at 8440 yuan per ton on November 11.

This week, the ferrosilicon market maintained stable. The Futures market fluctuated after last week's rise.

The 2211 ferrosilicon contract price on ZCE closed at 8302 yuan per ton on November 10.

A high backwardation continued to dampen import appetite, leading to thin liquidity, although offers were quoted higher.

At present, of the 17,244 tonnes of on-warrant nickel in LME warehouses in Rotterdam, briquette accounts for more than 92%.

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.