The United States and Britain on Tuesday struck a trade deal to resolve a four-year dispute initiated by former president Donald Trump over US tariffs on British steel and aluminum.

The 2205 ferrosilicon contract price on ZCE closed at 9914 yuan per ton on March 28.

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The 2205 ferrosilicon contract price on ZCE closed at 9740 yuan per ton on March 25.

Ferrosilicon futures fluctuated upward this week, and the spot market was weak and stable.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021.