[Ferro-Alloys.com] Indian steel manufacturers might face a slight glitch in the supply of Ferro Silicon, one of the key raw materials for steel-making, as the Ministry of Steel has passed an order in the month of February to include the alloy under mandatory certification by April 2020.

Ferro Silicon is an alloy used by the steel-makers to increase the performance of steel as an industrial material. It de-oxidizes the steel, blocks the heat and prevents loss of carbon from the molten steel. Ferro Silicon prices in the market was between Rs 60,000 - Rs 65,000 per tonne during December and March and went up to Rs 90,000 per tonne.

Vietnam’s steel production was forecast to grow slightly, at about 6-8 percent, this year, reported the Vietnam Steel Association (VSA).

Hoa Phat Group exported more than 265,000 tonnes of construction steel in 2019, up 11.3 percent year on year, the multi-sectoral conglomerate reported.

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• [Editor:kangmingfei]