The 2209 ferrosilicon contract price on ZCE closed at 7196 yuan per ton on July 15.

Futures fell sharply, impacting the spot market.

Hoa Phat Group has reported that it sold nearly 4 million tonnes of steel in the first half of 2022, up 6% compared to the same period last year.

The conglomerate is operating in 27 provinces and cities nationwide.

Accordingly, the consideration will last until July 28 instead of July 1 as announced earlier.

On July 9, steel producers, including Hoa Phat Group, Vietnam – Italy Steel and Vietnam Germany Steel Pipe, reduced steel prices for the eighth time in a row in two months.

The 2209 ferrosilicon contract price on ZCE closed at 7448 yuan per ton on July 14.

Arrow Minerals has executed a nonbinding term sheet to acquire up to a 60.5% controlling interest in Amalgamated Minerals, a private Singaporean-registered company, which holds a 100% interest in the Simandou North iron project, in Guinea.