But there were other changes in the quotas, many of which have seemingly gone unnoticed.

Since the beginning of this year, foreign demands for Chinese ferrosilicon increased significantly.

After India imposed a high export tariff, the iron ore price in Orissa plummeted by nearly 20% in the auction due to the sluggish domestic steel demand in India.

HBIS Group made the first round of inquiry of 9300 RMB/MT for the ferrosilicon 75B tender price in June.

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Hyundai Steel's net profit increase 122% year-on-year in Q1 2022.

The 2205 ferrosilicon contract price on ZCE closed at 9902 yuan per ton on June 8.