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Silicomanganese futures close at 8132 on January 17, a decrease of 5.68%

U.S. steel mills shipped 7,893,990 net tons, a 16.9 percent increase from the 6,753,447 net tons shipped in November 2020.

American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 3,120,000 net tons (NT) of steel in November 2021.

The ministry has already directed the public sector undertakings (PSUs) and private players to take measures to cut imports of special steel.

Driven by many factors, the ferrosilicon futures market rose rapidly this week, which led to the increase of spot quotation, greatly boosted market confidence.

The 2205 ferrosilicon contract price on ZCE closed at 9238 yuan per ton on January 14.

Silicomanganese futures close at 8586 on January 14, a decrease of 1.04%

Among them, the quantity exported to China was 871600 tons, a year-on-year decrease of 66.34%.