Steel company ArcelorMittal said recently that it expected global steel consumption to shrink this year.

Among them, 43681.90 tons of ferrosilicon were imported from China, 3683 tons from Russia, 2956.3 tons from Malaysia and 1463 tons from Vietnam.

South Korea imports 3,992.0 tons of ferrosilicon (Si≤55%) from January to March 2022.

The 2205 ferrosilicon contract price on ZCE closed at 9144 yuan per ton on May 9.

After returning from the May Day holiday, the ferrosilicon futures continued to decline rapidly.

Korea Ferrosilicon (Si≤55%) Imports in January 2022.

Korea Ferrosilicon (Si>55%) Imports in January 2022.

US hot-rolled coil (HRC) prices edged down recently as mills tried to maintain prices, but some lower offers were reported in the market.