This week, the supply side of ferrosilicon remained stable, but downstream procurement enthusiasm was not high, and the actual transaction situation did not show significant improvement.

This will mainly be due to increased supplies from Australia

Worldsteel anticipates an eight percent increase in steel demand in lndia over 2024 and 2025.

“The impact is all good” because it avoids the severe and painful cost of disruptions in the supply chain, Bello said.

Analysts from Ferroalloy.com believed that the expected peak season in October was still in place, and the post-holiday market was still worth looking forward to.

Driven by macro positive news, the futures market took a favourable turn, and market confidence was significantly boosted.

South32 Manganese Ore Performance FY 2024

It is expected that weak fluctuations will continue to dominate in the short term.