A Weekly Review of Manganese Alloy Market

Steel company ArcelorMittal said recently that it expected global steel consumption to shrink this year.

After returning from the May Day holiday, the ferrosilicon futures continued to decline rapidly.

US hot-rolled coil (HRC) prices edged down recently as mills tried to maintain prices, but some lower offers were reported in the market.

The market was not stimulated by positive or negative news, and there was a strong sense of cautious wait-and-see.

The spot market was strong and maintained stable operation.

Driven by the positive mood, the ferrosilicon futures market rallied at a high level from Monday to Thursday, and rose 4.38% on Friday, April 15.

Weekly Review of Manganese Alloy Market