The 2211 ferrosilicon contract price on ZCE closed at 8756 yuan per ton on October 12.

The 2211 ferrosilicon contract price on ZCE closed at 8698 yuan per ton on October 11.

The plate delivered assessment rose by $8.25/st to $1,676.50/st.

Private construction was at a seasonally adjusted annual rate of $1.43tn, 0.6pc below the July estimate of $1.44tn.

Peru’s mining exports fell in the first eight months, the first accumulated year-on-year drop in 2022.

The 2211 ferrosilicon contract price on ZCE closed at 8842 yuan per ton on October 10.

In the week ending on October 1, 2022, domestic raw steel production was 1,700,000 net tons while the capability utilization rate was 77.1 percent.

It was a 9.2% decrease from the 2,485,000 permit tons recorded in August and a 10.1% decrease from the August final imports total of 2,510,000.