Most of the capital goods in China posted lower prices in late October compared with mid-October, official data showed Friday.

The sentiment for finished steel prices continued to slide as the November scrap buy week was underway, according to the most recent S&P Global Commodity Insights US steel market participant survey.

The problem is that there are more than 13m tons of HRC capacity coming online or planned to come online in the next three years.

Vietnam spent nearly 10.3 billion U.S. dollars importing roughly 9.8 million tons of steel and iron in the first 10 months of this year.

The 2211 ferrosilicon contract price on ZCE closed at 8370 yuan per ton on November 8.

The 2211 ferrosilicon contract price on ZCE closed at 8378 yuan per ton on November 7.

The Ferrosilicon Futures rose straightly this week.

The 2211 ferrosilicon contract price on ZCE closed at 8438 yuan per ton on November 4.