The 2305 ferrosilicon contract price on ZCE closed at 8010 yuan per ton on February 27.

This week, the ferrosilicon Futures turned upside down, and the long-depressed mood was relieved.

The 2305 ferrosilicon contract price on ZCE closed at 8196 yuan per ton on February 24.

The 2305 ferrosilicon contract price on ZCE closed at 8226 yuan per ton on February 23.

The 2305 ferrosilicon contract price on ZCE closed at 8178 yuan per ton on February 22.

This was a 9.8% increase from the 2,262,000 permit tons recorded in December and a 12.7% increase from the December final imports total of 2,203,000.

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,186,000 net tons (NT) of steel in December 2022.

In the week ending on February 18, 2023, domestic raw steel production was 1,654,000 net tons while the capability utilization rate was 74.0 percent.