However, considering the factors such as the gradual resumption of construction and other terminals and the expected good demand for replenishment after the festival, the ferrosilicon market was expected to rebound.

The outlook for Brazil’s industrial machinery and equipment sector is positive, in part due to the construction segment, according to suppliers association Abimaq.

The 2303 ferrosilicon contract price on ZCE closed at 8208 yuan per ton on January 31.

China's industrial firms see revenue growth in 2022, profits dip

Bushveld delivers record production despite loadshedding; electrolyte plant construction on track

Critical Minerals Group begins testing at flagship vanadium project

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 140.7 million tonnes (Mt) in December 2022, a 10.8% decrease compared to December 2021.

The 2303 ferrosilicon contract price on ZCE closed at 8326 yuan per ton on January 31.